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New Deal


Announced

Completed

One80 completed the acquisition of instaCOVER.

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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financial software

Domestic

Private

insurance agency

Acquisition

Completed

Friendly

technology platform

FinTech

United States

Majority

Single Bidder

Synopsis

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One80, a specialty insurance broker, completed the acquisition of instaCOVER, an independent insurance agency and technology platform. Financial terms were not disclosed. “I have been very impressed with the innovative platform and insurance solutions created by the instaCOVER team. I look forward to expanding into the leasing industry and further supporting instaCOVER at the crossroads of technology and commercial insurance," Matthew F. Power, One80 President.

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