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M&A Deal Summary

Insurify Acquires Compare.com

On March 6, 2023, Insurify acquired internet software and services company Compare.com from Admiral Group

Acquisition Highlights
  • This is Insurify’s 2nd transaction in the Internet Software and Services sector.
  • This is Insurify’s 2nd transaction in the United States.
  • This is Insurify’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2023-03-06
Target Compare.com
Sector Internet Software and Services
Buyer(s) Insurify
Sellers(s) Admiral Group
Deal Type Divestiture

Target

Compare.com

Richmond, Virginia, United States
Compare.com is an online comparison platform that allows consumers to receive side-by-side comparisons on auto insurance quotes with real prices from more than 60 of the country’s top carriers. Compare.com was founded in 2013 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Insurify

Cambridge, Massachusetts, United States
Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

Insurify is a virtual insurance agent, that provides expert advice and empowers customers to securely compare, buy, and manage their auto and home insurance policies from the largest selection of accurate quotes. Insurify was formed in 2013 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Virginia M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Inspop USA

Richmond, Virginia, United States

Inspop USA is an U.S. online auto insurance comparison platform. Inspop USA was founded in 2012 and is based in Richmond, Virginia.

Buy -

Seller(S) 1

SELLER

Admiral Group

Cardiff, United Kingdom
Category Company
Founded 1993
Sector Insurance
Employees15,432
Revenue 4.9B GBP (2024)
DESCRIPTION

Admiral Group is the provider of direct motor insurance. Admiral Group was incorporated in 1993 and is based in Cardiff, United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
State: Virginia M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Inspop USA

Richmond, Virginia, United States

Inspop USA is an U.S. online auto insurance comparison platform. Inspop USA was founded in 2012 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Acuren

Tomball, Texas, United States

Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.

Buy -
Mergr

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