M&A Deal Summary

Afore Insurance Services Acquires Powers Insurance Experts

On October 15, 2024, Afore Insurance Services acquired insurance company Powers Insurance Experts

Acquisition Highlights
  • This is Afore Insurance Services’ 1st transaction in the Insurance sector.
  • This is Afore Insurance Services’ 1st transaction in the United States.
  • This is Afore Insurance Services’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2024-10-15
Target Powers Insurance Experts
Sector Insurance
Buyer(s) Afore Insurance Services
Deal Type Add-on Acquisition

Target

Powers Insurance Experts

Columbia, South Carolina, United States
Powers Insurance Experts provides individuals and businesses in South Carolina risk management and consulting services with local, personal attention.

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Buyer(S) 1

Buyer

Afore Insurance Services

Manchester, Connecticut, United States
Category Company
Founded 2023
Sector Insurance
DESCRIPTION

Afore Insurance Services is a consolidated insurance brokerage acquisition platform offering independent insurance agencies. Afore Insurance Services was founded in 2023 and is based in Manchester, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Block Insurance

Oviedo, Florida, United States

Block Insurance offers experience exclusively serving the childcare niche, helping clients implement best-practice risk management programs to lower their risk and resulting costs. The agency is solely focused on the childcare, private school, and martial arts industry segments. Block Insurance was formed in 1987 and is based in Oviedo, Florida.

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