PointeNorth Expands with Three Alabama Acquisitions
Deal News | Apr 09, 2025 | EIN
PointeNorth Insurance Group, headquartered in Atlanta, has recently acquired three insurance agencies in Alabama: Holloway and Hunt Insurance in Arab, Vigilant Gulf Coast Insurance in Daphne, and O.M. Hughes Insurance in the Birmingham area. These acquisitions mark the continued expansion of PointeNorth, which is noted for its rapid growth as one of the largest independent agencies in the Southeast. Holloway and Hunt Insurance aims to broaden its portfolio through this acquisition, according to its principal, Mickey Hunt. Vigilant Gulf Coast, previously known as Align Insurance, provides personal and commercial coverage across multiple Southern states. O.M. Hughes Insurance has a storied history dating back to 1946, with a legacy continued by family members. PointeNorth's strategic plan for 2025 includes ongoing mergers and a particular focus on growing its transportation practice.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- United States – The article predominantly revolves around PointeNorth Insurance Group and the three recently acquired agencies, all of which are based in the United States, specifically in Alabama.
- Alabama – The immediate geographical focus of the acquisitions is in Alabama, where the three newly acquired agencies are located.
- Southeast United States – PointeNorth is noted as one of the largest independent agencies in the Southeast United States, indicating a regional focus relevant to the article.
Industry
- Insurance – The primary industry involved in this article is Insurance, as the article discusses acquisitions of insurance agencies by PointeNorth Insurance Group.
- Mergers and Acquisitions – The article is focused on PointeNorth's strategy of acquiring other businesses, highlighting their active involvement in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PointeNorth Insurance Group | Acquirer | Company | An independent insurance agency based in Atlanta, recognized for its significant growth in the Southeast region. |
| Holloway and Hunt Insurance | Target | Company | An insurance agency located in Arab, Alabama, focused on expanding its portfolio via acquisition by PointeNorth. |
| Vigilant Gulf Coast Insurance | Target | Company | Formerly Align Insurance, this agency offers personal and commercial coverage in Southern states and has been acquired by PointeNorth. |
| O.M. Hughes Insurance | Target | Company | A longstanding insurance agency in the Birmingham area, founded in 1946 and now part of PointeNorth's expansion. |
| Mickey Hunt | Principal | Person | Principal at Holloway and Hunt Insurance, who commented on the portfolio expansion resulting from the acquisition. |
| Dan Quarella | President | Person | President of Vigilant Gulf Coast Insurance, involved in the acquisition by PointeNorth. |