BOYNE CITY — KorthaseFlinn Insurance & Financial Services acquired the Tompkins Insurance Agency in Traverse City in a deal that was finalized on June 25.
According to a release from KorthaseFlinn, the Tompkins Insurance Agency has been in operation for more than 50 years. The Traverse City agency was owned by Steven Tompkins.
KorthaseFlinn has been in operation since 1926. KorthaseFlinn has offices in Boyne City, Petoskey, East Jordan, Gaylord and now Traverse City.
According to a release, KorthaseFlinn serves more than 21,000 customers in the northwestern Lower Peninsula.
Randy Flinn, president of KorthaseFlinn since 2003, said in the release that adding Tompkins is part of a strategic objective and that “expanding into the Traverse City market has been on our strategic roadmap for several years.”
The acquisition of Tompkins comes on the heels of other expansions. KorthaseFlinn acquired Northern Michigan Benefits Agency of Charlevoix in April and the Glasser Insurance Agency of Gaylord in January.
More information on KorthaseFlinn is available at www.korthaseflinn.com.