Inszone Insurance Services completes acquisition of L.A. Bowen Insurance to solidify presence in Utah Valley
Nov 12, 2024•about 1 year ago
Acquiring Company
Inszone Insurance Services
Acquired Company
L.A. Bowen Insurance
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.
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