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Evertree Insurance Acquires Illinois Based Gnade Insurance Group

Dec 15, 2022•about 3 years ago

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.

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.

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