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  6. EverQuote Acquires PolicyFuel

M&A Deal Summary

EverQuote Acquires PolicyFuel

On August 16, 2021, EverQuote acquired insurance company PolicyFuel

Acquisition Highlights
  • This is EverQuote’s 1st transaction in the Insurance sector.
  • This is EverQuote’s 1st transaction in the United States.
  • This is EverQuote’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-08-16
Target PolicyFuel
Sector Insurance
Buyer(s) EverQuote
Deal Type Add-on Acquisition

Target

PolicyFuel

Austin, Texas, United States
PolicyFuel is a property and casualty (“P&C”) insurance verticals, providing policy-sales-as-a-service (“PSaaS”) offerings to enable carriers to complement their own call center operations with access to dedicated advisor teams that focus exclusively on selling that provider’s offerings to its target customers. PolicyFuel was founded in 2016 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

EverQuote

Cambridge, Massachusetts, United States
Category Company
Founded 2008
Sector Internet Software and Services
Employees381
Revenue 500M USD (2024)
DESCRIPTION

EverQuote is an online insurance marketplace, connecting consumers with insurance providers. The company's mission is to empower insurance shoppers to better protect life's most important assets—their family, property, and future. EverQuote was formed in 2008 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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