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Acquiring Company
Inszone Insurance Services
Acquired Company
WORQ
MalaysiaDescription
Inszone Insurance Services has acquired Progress Brokerage Group, LLC, enhancing its expertise in the hospitality sector. This acquisition will allow Inszone to provide better insurance solutions tailored for bars and restaurants. Progress Brokerage Group is recognized for its strong reputation in Pennsylvania. The deal aims to strengthen Inszone's market position on the East Coast.
Related People
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