Gloucester’s Southside Insurance acquired by Virginia Beach firm
Virginia Beach-based Towne Insurance has acquired Gloucester Southside Insurance Agency, Inc., located on Main Street, Gloucester.
The acquisition also includes Lackey Saunders Co., Inc. of Hampton. Doug Favre of Hampton is president of both Gloucester Southside and Lackey Saunders.
Alvin “Jay” McGlohn and Cordon Davis Jr., both of Ware Neck, are vice presidents of the local office. McGlohn said that he and Davis are supported by three full-time licensed agents.
Gloucester Southside also operates Diggs Agency in Mathews, which McGlohn said has two full-time and one part-time licensed agents.
By acquiring Gloucester Southside, Towne Insurance will expand the company’s footprint to the Middle Peninsula, said F. Dudley Martin, president and chief executive officer of Towne Insurance.
“Clients chose Towne for its broad expertise, and that’s ultimately why we chose them too,” McGlohn said.
“We’re excited about the opportunities that come with being a part of the Towne family,” Davis said.