Announced
Financials
Tags
United States
insurance services
Insurance Brokers
Acquisition
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Domestic
Synopsis
GrowthCurve Capital, a private equity firm, completed the acquisition of a majority stake in Brightway Insurance, an insurance services provider. Financial terms were not disclosed. "We have been very impressed with what David, Michael and the Brightway team have built. The company pioneered the franchisor model in the insurance space and has generated attractive outcomes for its franchisees, customers and carrier partners. We seek to accelerate the company's growth trajectory by leveraging the company's rich data assets and our expertise in AI, data enablement and digital transformation to introduce new solutions and capabilities to our franchisees and customers and to scale the platform nationally," Sumit Rajpal, GrowthCurve Founder and CEO.
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