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About First MainStreet Insurance

First MainStreet Insurance helps clients manage and plan risks and offers a range of insurance services.

First MainStreet Insurance Headquarter Location

Iowa,

United States

319-739-1232

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Latest First MainStreet Insurance News

First Mainstreet Insurance Acquires Two Iowa Agencies

Oct 6, 2020

(FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen Insurance in Cedar Falls and The Engel Agency in Maquoketa. Brummel Madsen Insurance has been serving the Cedar Valley area since 1960. Brian Brummel, who joined his father’s agency in 1991, will remain a partner in this newest First MainStreet office. Former owners, Scott Cessna and Steve Schomaker, will also continue working with the FMSI team. Bruce Engel, the second generation owner of The Engel Agency, plans to transition from the business. Agency Manager Jennifer Machande, who has been with Engel for over 15 years, will be named partner. With the addition of these new agencies, FMSI collectively welcomes over 15 new colleagues and two new partners to the team. Led by many TrueNorth senior leaders, the FMSI model focuses on smaller agencies to perpetuate their business while maintaining a local presence and legacy within their communities. In addition to these new acquisitions, FMSI currently holds locations in the following towns: Bettendorf, Bloomfield, Burlington, Centerville, Charles City, Clinton, Davenport, Fairfield, Indianola, Iowa Falls, Mason City, Moville, Mt. Pleasant, Ottumwa, Pella, and Perry, Iowa, and Brentwood, Tennessee. Source: FMSI

First MainStreet Insurance Acquisitions

11 Acquisitions

First MainStreet Insurance acquired 11 companies. Their latest acquisition was Ramsey-Weeks on May 20, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/20/2021

Merger

1

12/31/2020

Acquired

1

12/23/2020

Acquired

1

11/1/2020

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$99M

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10

10/6/2020

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$99M

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10

Date

5/20/2021

12/31/2020

12/23/2020

11/1/2020

10/6/2020

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

Note

Merger

Acquired

Acquired

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Sources

1

1

1

10

10

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