M&A Deal Summary

Velocity Risk Acquires Insight Risk Technologies

On September 28, 2023, Velocity Risk acquired information technology company Insight Risk Technologies

Acquisition Highlights
  • This is Velocity Risk’s 1st transaction in the Information Technology sector.
  • This is Velocity Risk’s 1st transaction in the United States.
  • This is Velocity Risk’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-09-28
Target Insight Risk Technologies
Sector Information Technology
Buyer(s) Velocity Risk
Deal Type Add-on Acquisition

Target

Insight Risk Technologies

Southport, Connecticut, United States
Insight Risk Technologies is a technology-focused Builder's Risk MGA, offers integrated technology and insurance solutions for the Builder's Risk market, operating on both an admitted and non-admitted basis. Insight Risk Technologies is based in Southport, Connecticut.

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Buyer(S) 1

Buyer

Velocity Risk

Nashville, Tennessee, United States
Category Company
Founded 2015
Sector Insurance
DESCRIPTION

Velocity Risk provides insurance coverage to clients in catastrophe-exposed areas of the United States. Velocity Risk was founded in 2015 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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