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Heffernan Insurance Brokers Entity Acquires Achieve Alpha Insurance

Jan 23, 2024•almost 2 years ago

Acquiring Company

Heffernan Insurance Brokers

Acquired Company

Achieve Alpha Insurance

Walnut CreekBellevueInsuranceInsurance

Description

Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, has strategically acquired Achieve Alpha Insurance located in Bellevue, Washington. This acquisition reinforces Heffernan's commitment to providing comprehensive insurance solutions and expands its presence in the Individual Health and Medicare markets.

Company Information

Company

Heffernan Insurance Brokers

Location

Walnut Creek, California, United States

About

Heffernan Insurance Brokers, founded in 1988, is one of the largest independent insurance brokerage firms in the United States providing comprehensive business insurance, personal insurance, employee benefits and financial services solutions to a wide range of businesses and individuals. Headquartered in Walnut Creek, Calif., Heffernan has a nationwide presence specializing in customized solutions to serve its clients’ different needs in virtually every industry.

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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