Inszone Insurance Strengthens Local Ties in Downey, CA with The Point Insurance Services Acquisition
Jan 18, 2024•almost 2 years ago
Acquiring Company
Inszone Insurance Services
Acquired Company
The Point Insurance Services
Description
Inszone Insurance Services has announced its strategic acquisition of The Point Insurance Services, an independent insurance agency deeply rooted in the Downey, California community. The acquisition is in line with Inszone's mission to expand its presence and enhance its offerings to the Spanish-speaking community in California and beyond. Following the merger, The Point Insurance Services will continue to operate from its current location in Downey, California, providing clients with the same unwavering commitment to exceptional service.
M&A Insights
Based on deal dataIntegration 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