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New Deal


Announced

Completed

PEAK6 InsurTech completed the acquisition of We Insure and Team Focus Insurance Group.

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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Acquisition

Property and Casualty Insurance

property and casualty insurance

United States

Domestic

Private

Completed

Majority

Friendly

Single Bidder

Synopsis

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PEAK6 InsurTech, a subsidiary of PEAK6, an investment firm, completed the acquisition of We Insure, an insurance agency franchise, and Team Focus Insurance Group, a property and casualty insurance company. Financial terms were not disclosed. “Amid the volatility of today’s insurance marketplace, our strategic acquisitions chart a clear path forward for the future of the industry. We will leverage unparalleled industry expertise and functionally superior technology across a nationwide distribution network to the benefit of agents and customers alike. Over the years, Team Focus and We Insure have developed strong carrier relationships that we will continue to build upon,” Andrew McGuire, PEAK6 InsurTech Co-CEO.

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