Investment Summary

Flexpoint Ford Invests In Propel Insurance

On May 8, 2018, private equity firm Flexpoint Ford invested in insurance company Propel Insurance

Investment Highlights
  • This is Flexpoint Ford’s 7th transaction in the Insurance sector.
  • This is Flexpoint Ford’s 31st transaction in the United States.
  • This is Flexpoint Ford’s 2nd transaction in Washington.
Investment Fate
  • Propel Insurance merged with another company in 2021.

Investment Summary
Date 2018-05-08
Target Propel Insurance
Sector Insurance
Investor(s) Flexpoint Ford
Deal Type Growth Capital
Advisor(s) Waller Helms Advisors LLC (Financial)
Harlowe & Falk (Legal)

Target

Propel Insurance

Tacoma, Washington, United States
website
Propel Insurance is an insurance agency focused on commercial lines insurance, employee benefits, and high-net-worth personal lines. Propel Insurance provides insurance solutions for its clients and has developed substantial expertise across a number of industry verticals, including construction, senior living, real estate, and sports and recreation. Propel Insurance was founded in 1923 and is based in Tacoma, Washington.

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Investor(S) 1

Investor

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 33 of 54
Sector (Insurance) 7 of 11
Type (Growth Capital) 6 of 17
State (Washington) 2 of 2
Country (United States) 31 of 48
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Jefferson Capital

St. Cloud, Minnesota, United States

Jefferson Capital is a provider of traditional and unique recovery services for consumer charged-off accounts. Jefferson Capital’s growing client base includes Fortune 500 creditors, banks, telecommunications providers, credit card issuers, private student loan originators, and auto finance companies. Jefferson Capital was founded in 2002 and is based in St. Cloud, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 MobilityWorks

Richfield, Ohio, United States

MobilityWorks is a provider of wheelchair accessible vehicles and other accessibility products. MobilityWorks offers adaptive vehicles and accessibility solutions to customers from over 90 locations across 31 states. MobilityWorks serves people with disabilities through wheelchair accessible minivans, full-size vans with lifts, and commercial fleet vehicles. MobilityWorks was founded in 1997 and is based in Richfield, Ohio.

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Product

Company

Legal