Amwins completes acquisition of Kilpatrick Companies to enhance Amwins Connect's multi-state footprint
Jun 03, 2024•over 1 year ago
Acquiring Company
Amwins
Acquired Company
Kilpatrick Companies
Description
Amwins, a leading global distributor of specialty insurance products and services, has announced its acquisition of Kilpatrick Companies, a prominent Houston-based general agency specializing in employee and individual benefits. Kilpatrick will join Amwins Connect, a national general agency, to provide a comprehensive range of health and ancillary insurance solutions to brokers and consultants across the U.S. This acquisition aims to enhance Amwins Connect's multi-state footprint and expand its offering to Texas brokers, carriers, and their partners.
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