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New Deal


Announced

EverQuote to acquire Crosspointe Insurance Advisors.

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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health insurance

Majority

United States

Insurance Brokers

Pending

Single Bidder

Private

Acquisition

Friendly

Synopsis

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EverQuote, an online insurance marketplace, agreed to acquire Crosspointe Insurance Advisors, a health insurance agency headquartered in Evansville, Indiana. Financial terms were not disclosed. "Crosspointe’s agency expertise and carrier relationships, combined with EverQuote’s data-driven insurance marketplace platform, consumer volume, and distribution, will position us to deepen our customer engagement, further diversify and grow revenues, and capitalize on the expanding market opportunity in health insurance. I am pleased to welcome Josh, Drew and the entire Crosspointe team, who share our cultural roots in bootstrapping, heart, tenacity, and data-driven optimization. Their team is an ideal addition to EverQuote as we deepen our role in the distribution of insurance products while easing the effort and complexity for consumers to protect life’s most important assets — their family, property and future at an affordable price," Seth Birnbaum, EverQuote CEO.

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