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Inszone Insurance Services completes acquisition of L.A. Bowen Insurance to solidify presence in Utah Valley

Nov 12, 2024about 1 year ago

Acquiring Company

Inszone Insurance Services

Acquired Company

L.A. Bowen Insurance

OremInsuranceEmployee Benefits

Description

Inszone Insurance Services has acquired L.A. Bowen Insurance, a well-established agency based in Orem, Utah. This strategic acquisition enhances Inszone's footprint in Utah Valley, allowing the company to offer its comprehensive insurance solutions and exceptional customer service to a broader client base.

Company Information

Company

Inszone Insurance 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