Keyes Coverage strengthens its presence with acquisition of A & C Insurance and Suntree Insurance

Jun 28, 2024•over 1 year ago

Acquiring Company

Keyes Coverage

Acquired Company

Keyes Coverage

Description

Keyes Coverage, a rapidly growing insurance broker, has announced the acquisition of A & C Insurance and Suntree Insurance. These strategic acquisitions significantly expand Keyes Coverage's presence north of Southern Florida and strengthen its position in the Melbourne area, aligning with its rapid growth and strategic expansion strategy.

Company Information

Company

Keyes Coverage

Location

Hiatus Road

About

A & C Insurance is a prominent commercial insurance agency with over 30 years of expertise in serving businesses. On the other hand, Suntree Insurance is a respected personal lines agency that enhances Keyes Coverage's capabilities in serving individuals and families.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Keyes Coverage strengthens its presence with acquisition of A & C Insurance and Suntree Insurance

Description

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M&A Insights

Company Information