The Yurconic Agency completes acquisition of J L Davis Insurance Agency to expand its footprint

Sep 06, 2024•11 months ago

Acquiring Company

The Yurconic Agency

Acquired Company

J L Davis Insurance Agency

United StatesInsuranceInsuranceEmployee Benefits

Description

The Yurconic Agency, a leading insurance provider, has successfully acquired J L Davis Insurance Agency, marking its eighth expansion. This strategic move expands The Yurconic Agency's presence to the Gilbertsville area and reinforces its position as a leading insurance provider in the region.

Company Information

Company

The Yurconic Agency

Location

United States

About

The Yurconic Agency, a leading insurance provider since 1969, offers a full line of insurance products, including home, auto, and business, as well as medical malpractice, life, health, and disability insurance. Their diverse portfolio of insurance products and convenient services make The Yurconic Agency a one-stop-shop for their clients. As an Authorized PennDOT Online Messenger Service Center, their offices provide a unique convenience to drivers who rely on the agency for both insurance and DMV services.

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