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New Deal


Announced

Integrity Marketing to acquire Drennan Insurance Marketing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Life Insurance

Acquisition

Friendly

insurance marketing

Pending

Single Bidder

Private Equity

Synopsis

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Integrity Marketing Group, the nation's largest independent distributor of life and health insurance products to the Senior Market, agreed to acquire Drennan Insurance Marketing, an insurance marketing organization headquartered in Little Rock, Arkansas. As part of the deal, the Drennan family will become owners in Integrity. Financial terms of the contract were not disclosed. Drennan Insurance Marketing is one of the oldest and most respected insurance brokerage agencies in the Southeast. The company provides a full spectrum of products for the senior market, including Medicare Advantage, Medicare Supplements, final expense, long term care and annuities. "Larry and his family have built an enduring legacy through their commitment to service and family values. Drennan Insurance Marketing is highly respected in the Senior Market and we're thrilled to bring them on board as we further expand Integrity's presence in the region." Bryan W. Adams, Integrity Co-Founder & CEO.

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