M&A Deal Summary

Propel Insurance Acquires Assurety Northwest

On September 3, 2014, Propel Insurance acquired insurance company Assurety Northwest

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

M&A Deal Summary
Date 2014-09-03
Target Assurety Northwest
Sector Insurance
Buyer(s) Propel Insurance
Deal Type Add-on Acquisition

Target

Assurety Northwest

Portland,, Oregon, United States
Assurety Northwest is a provider of surety, auto, home, recreational, life, and health insurance for business and individuals.

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Buyer(S) 1

Buyer

Propel Insurance

Tacoma, Washington, United States
Category Company
Founded 1923
Sector Insurance
DESCRIPTION

Propel Insurance is an insurance agency focused on commercial lines insurance, employee benefits, and high-net-worth personal lines. Propel Insurance provides insurance solutions for its clients and has developed substantial expertise across a number of industry verticals, including construction, senior living, real estate, and sports and recreation. Propel Insurance was founded in 1923 and is based in Tacoma, Washington.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Oregon) 1 of 2
Country (United States) 1 of 4
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Ross & Associates Insurance Services

Portland, Oregon, United States

Ross & Associates provides business and personal insurance, including builder’s risk, professional liability employee benefits, workers’ compensation and bonding.

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