M&A Deal Summary

Propel Insurance Acquires South Risk Management

On June 1, 2021, Propel Insurance acquired insurance company South Risk Management

Acquisition Highlights
  • This is Propel Insurance’s 4th transaction in the Insurance sector.
  • This is Propel Insurance’s 4th transaction in the United States.
  • This is Propel Insurance’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-06-01
Target South Risk Management
Sector Insurance
Buyer(s) Propel Insurance
Deal Type Add-on Acquisition

Target

South Risk Management

Columbia, South Carolina, United States
South Risk Management provides risk-management services and products in four areas: construction surety bonds, commercial insurance, personal insurance, and employee benefits. South Risk Management was founded in 2006 and is based in Columbia, South Carolina.

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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 4 of 4
Sector: Insurance M&A 4 of 4
Type: Add-on Acquisition M&A Deals 3 of 3
State: South Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 TIS HealthCare Services

Knoxville, Tennessee, United States

TIS HealthCare Services is a boutique risk management and insurance consulting firm based in Knoxville, TN that specializes in serving senior care organizations.

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