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  6. Evertree Acquires Provision Insurance Group

M&A Deal Summary

Evertree Acquires Provision Insurance Group

On January 17, 2023, Evertree acquired insurance company Provision Insurance Group

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

M&A Deal Summary
Date 2023-01-17
Target Provision Insurance Group
Sector Insurance
Buyer(s) Evertree
Deal Type Add-on Acquisition

Target

Provision Insurance Group

Bingham Farms, Michigan, United States
Provision Insurance Group is an independent insurance brokerage firm focused on selling primarily personal lines (auto, home) and small commercial insurance products. It currently serves over 13,000+ clients and 20,000+ active policies. Formed in 2013, Provision has offices in Bingham Farms and Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Evertree

New York, New York, United States
Category Company
Founded 2022
Sector Insurance
DESCRIPTION

Evertree is a technology-enabled insurance platform specializing in personal lines that are focused on building the next generation of independent brokers. The company's strategy is to develop and deploy productivity-enhancing technology, recruit, and train new agents, and identify, close, and fully integrate strategic acquisitions. Evertree was formed in 2022 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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