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McGowan Acquires Assets of Parks Plus Underwriting Agency, LLC & Intersure Insurance Brokers Corp.

Feb 28, 2024•almost 2 years ago

Acquiring Company

The McGowan Companies

Acquired Company

Parks Plus Underwriting Agency & Intersure Insurance Brokers Corp

Fairview ParkInsurance

Description

The McGowan Companies has acquired the assets of Parks Plus Underwriting Agency, LLC and Intersure Insurance Brokers Corp. This acquisition is aligned with McGowan's national growth strategy and adds Parks Plus/Intersure's suite of products and services to its diverse portfolio of companies.

Company Information

Company

The McGowan Companies

Location

20595 Lorain Rd

Fairview Park, Ohio, United States

About

The McGowan Companies is a national program manager specializing in complex Property and Inland Marine risks within the Amusement and Entertainment industry. With a commitment to investing in and expanding the capabilities of existing entities, The McGowan Companies continues to add value to its diverse portfolio of companies.

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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