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New Deal


Announced

Insurify to acquire Compare.com from Admiral.

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

insurance company

Friendly

Single Bidder

Full Line Insurance

Pending

Domestic

Acquisition

Private

Majority

Synopsis

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Insurify, a virtual insurance agent, agreed to acquire Compare.com, a company in the US online auto insurance comparison market, Admiral, an auto insurance company. Financial terms were not disclosed. “Acquiring Compare.com, a long-established and respected digital insurance distribution brand, will further Insurify’s mission to empower every insurance-shopper with the expert advice and resources to compare, buy and manage insurance. Bringing the companies and their technology together allows us to build on our complementary auto insurance capabilities. The addition of Compare.com strengthens Insurify’s market position as we continue to build the preeminent and most trusted digital insurance agent,” Snejina Zacharia, Insurify Founder and CEO.

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