M&A Deal Summary

Risk Placement Services Acquires Evergreen Insurance Managers

On August 9, 2022, Risk Placement Services acquired insurance company Evergreen Insurance Managers

Acquisition Highlights
  • This is Risk Placement Services’ 5th transaction in the Insurance sector.
  • This is Risk Placement Services’ 5th transaction in the United States.
  • This is Risk Placement Services’ 1st transaction in Oregon.

M&A Deal Summary
Date 2022-08-09
Target Evergreen Insurance Managers
Sector Insurance
Buyer(s) Risk Placement Services
Deal Type Add-on Acquisition

Target

Evergreen Insurance Managers

Hillsboro, Oregon, United States
Evergreen Insurance Managers is a wholesale insurance broker and managing general agency offering commercial insurance solutions for a wide variety of industries. Evergreen Insurance Managers was founded in 2006 and is based in Hillsboro, Oregon.

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Buyer(S) 1

Buyer

Risk Placement Services

Itasca, Illinois, United States
Category Company
Founded 1979
Sector Insurance
DESCRIPTION

Risk Placement Services, Inc. is a Managing General Agency with a strong focus on Binding, Programs, Standard Lines Aggregation and Open Brokerage business.

DEAL STATS #
Overall 5 of 8
Sector (Insurance) 5 of 8
Type (Add-on Acquisition) 4 of 7
State (Oregon) 1 of 1
Country (United States) 5 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Cowles & Connell

Brewster, New York, United States

Cowles & Connell is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent retail insurance broker clients throughout United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 RHP

Houston, Texas, United States

RHP is a managing general agency specializing in residential property insurance. RHP was founded in 2014 and is based in Houston, Texas.

Buy -
Mergr

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