GREENSBORO, NC- Smart Choice® announces the acquisition of Carriage Hill Insurance and key leadership appointments for Smart Choice Partners (SCP). SCP identifies strategic agency acquisition opportunities that are complementary to Smart Choice’s existing network of over 9,500 independent agencies.
Carriage Hill is a $4 million-dollar revenue multi-office agency based in Tennessee with offices in Lenior City, Brentwood, Oak Ridge and Athens. The Carriage Hill transaction, which closed on September 1, 2022, is the 22nd agency acquisition for Smart Choice since beginning the SCP program in 2019.
Smart Choice sought out Carriage Hill due to their 10-year partnership with the agency, the agency’s remarkable growth as well as the opportunity to recruit the Carriage Hill executive team to lead the Smart Choice Partners program. The owner of Carriage Hill, Todd Henderson, has been named President. Chase Scott will take on the Director of Operations role, and current SCP executive Jeff Huff has been appointed Vice President of Operational Strategy.
“We analyzed the growth opportunities that the acquisition would provide Carriage Hill and how well it aligned with our long-term objectives, which made it a compelling decision,” said Todd Henderson, the owner of Carriage Hill. “There was also cultural compatibility in that Smart Choice had been a proven partner for our agency that helped us grow and better serve our clients’ needs.”
“Smart Choice Partners provides independent agency owners an opportunity to expand their partnership with Smart Choice when they are looking to sell their agency,” said Andrew Caldwell, president of Smart Choice. “We respect and acknowledge the value that has accrued, and the congruent relationships cultivated with clients, staff, and carriers. SCP evaluates agencies based on the opportunity to partner with the current agency owner and strives to retain the structure that made the agency a success.”
Source: Smart Choice
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