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Evertree Insurance Acquires Illinois Based Gnade Insurance Group

PRIVATEDec 15, 2022

Acquiring Company

Evertree

Acquired Company

Gnade

InsuranceEmployee BenefitsInsurance

Description

Evertree Insurance ("Evertree"), an omni-channel personal lines insurance distribution platform is pleased to announce the acquisition of Gnade Insurance Group.

Other recent acquisitions in Insurance and Employee Benefits

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Evertree

About

Evertree is a technology-enabled personal lines insurance platform that is focused on building the next generation of independent brokers. Evertree's strategy is to develop and deploy productivity enhancing technology, recruit, and train new agents, and to identify, close and fully integrate strategic acquisitions. Evertree was founded in 2022 by insurance industry veteran Alex Tuff and received a significant investment from Integrum Holdings, an innovative private investment firm, whose senior team has led successful investments in Pure, USI, and Alliant, amongst others. Ursula Burns, a founder of Integrum, is Chairwoman of Evertree's Board of Directors.

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Frequently asked

Who acquired Gnade?

Gnade was acquired by Evertree. The deal was reported on December 15, 2022. Evertree is a technology-enabled personal lines insurance platform that is focused on building the next generation of independent brokers. Evertree is privately held and operates in Insurance.

When did Evertree acquire Gnade?

Evertree's acquisition of Gnade was reported on December 15, 2022. Evertree Insurance ("Evertree"), an omni-channel personal lines insurance distribution platform is pleased to announce the acquisition of Gnade Insurance Group. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Gnade do?

Gnade Insurance Group is a 27-person independent insurance agency focused on selling property and casualty insurance. Gnade has over 4,600 clients and is appointed to 20+ carriers. Gnade is located in Frankfort, IL. It is privately held, operating in Employee Benefits.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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