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New Deal


Announced

Completed

INSHUR completed the acquisition of American Business Insurance Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Acquisition

Single Bidder

United States

insurance services

Majority

Insurance Brokers

Completed

Friendly

Domestic

Synopsis

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INSHUR, an insurance provider, completed the acquisition of American Business Insurance Services, an insurance agency. Financial terms were not disclosed. “The on-demand driver economy is growing exponentially around the world, so the ability to provide access to competitive insurance policies that match drivers’ needs is becoming imperative to delivering the best user experience possible. Since 2016, INSHUR has been successfully insuring and protecting a professional class of drivers with our seamless integration of technology and underwriting expertise to match the experience of our partner platforms," Dan Bratshpis, INSHUR CEO and Co-Founder.

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