The first quarter of 2023 has come and gone, and First MainStreet Insurance (FMSI) didn’t blink an eye after closing four deals in the fourth quarter of 2022. Bolstered by some amazing agency partners and a suite of core carrier relationships, FMSI continued its path forward to start off the new year strong. By adding four new agencies to the platform, our efforts continue to be rewarded in the marketplace. Surrounded by more than 40 agency locations and the strength of TrueNorth helping propel it forward, FMSI has continued to climb the ranks of relevancy in today’s ultra-competitive independent insurance landscape.
First MainStreet Welcomes FOUR new agencies!
Lauer & Lauer Insurance, based in West Union, IA, was FMSI’s first acquisition of 2023. Led by fourth-generation insurance agent, Michael Lauer, this agency continues our strong footprint in northeast Iowa. Established in 1954, Lauer & Lauer comes to FMSI with a great client base, strong reputation in their marketplace and a fine list of carrier partners. We are thrilled to bring the likes of Michael and team onboard as they continue their journey of growth.
“Partnering with First MainStreet Insurance was an easy decision to make,” states Michael Lauer. “Their focus on staying local was crucial, and the expansion of our market offerings is beneficial.”
The second acquisition of 2023 was a private fold-in to one of our longstanding southern Iowa locations. While privately done, we are very excited to execute this agreement and to continue to transact profitable business in the area. Boasting a strong grouping, carrier partners and a long list of valued clients, we are poised for additional growth in this area.
The next agency to be announced is the addition of Dubuque Insurance Services in Dubuque, IA. A start-up agency dating back to the mid-1990s, Phil and Debbie Meyer have been a constant in the insurance landscape of this northeastern Iowa town. Through Phil and Debbie’s leadership, Dubuque Insurance Services has seen impressive growth since its founding. Joining us in ownership in this new venture is Thad Meyer, nephew to Phil and Debbie. Along with Phil and Debbie, Thad will continue to build on the legacy that was established 28 years ago. The FMSI team is proud to have found a partner here and we are ecstatic to grow on what is already a solid foundation.
Last, but certainly not least, is the merger of Lillis Insurance Agency in Williamsburg, IA. Since its founding in 1937, Lillis Insurance has been a constant presence in this quintessential Iowan town. Joining us in an ownership position is our newest partner, Dan Lillis. A multi-generational agency in a great eastern Iowa town, Lillis Insurance is poised for great things on our platform. Having taken over from his father, Dan has grown the agency immensely and will be a valued partner of FMSI. This agency is set for big things inside the company, and we look forward to many years of positive forward momentum.
"With what we were seeing in the insurance industry, we knew we had to find a partner for the future," shares Dan Lillis. "After talking with several potential suitors, I felt that the First MainStreet model worked best for our agency, our employees, and most importantly, our clients and the communities we serve."
