Add-on Acquisition • Insurance

Evertree Acquires Provision Insurance Group

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Insurance	1 of 1
Type: Add-on Acquisition	1 of 1
State: Michigan	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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