Towne Insurance Announces Acquisition of Charlotte Independent Agency

«Back to News 11/14/2022 | Charlotte, NC

Towne Insurance Agency announced the acquisition of Lockhart Insurance, a full-service, independent agency located in Charlotte, NC. Lockhart Insurance has a long history of tailoring insurance policies to the needs of their clients – whether it be home, auto, or business insurance.


“Lockhart Insurance was launched by my family as the Charles W. Lockhart Agency on July 1, 1972,” said Gregg Lockhart, president of Lockhart Insurance. “For 50 years, we have been dedicated to serving the insurance needs of indivuduals, families, and businesses in Charlotte and we are so excited to take this next step forward in expanding services available to our clients through our partnership with Towne.”


 “Lockhart Insurance shares in Towne’s philosophy of serving others and enriching lives,” said W. Douglas Russell, president and CEO of Towne Insurance. “They have been a fixture in the Charlotte community for decades and have served their neighbors well. We welcome the team at Lockhart to Towne and are excited to continue growing our presence in Charlotte.”


As the 5th-largest bank-owned agency in the nation, Towne Insurance strategically partners with select firms that carry strong reputations in their local markets and share a similar commitment to exquisite service.


“We are pleased to welcome Lockhart Insurance to the Towne family,” said Jim Clement, Towne Insurance president of North and South Carolina. “Lockhart clients will continue to receive the individualized, caring service they have come to expect from the Lockhart team with the addition of the expanded technology, carrier options, and services that Towne brings.”


Since entering the Carolinas in the fall of 2011, Towne Insurance has completed ten acquisitions in the region. Lockhart will continue operating under its present name for the immediate future.