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Jencap Group Acquires Tarheel Insurance Services, Inc., Brings

Oct 03, 2022•about 3 years ago

Acquiring Company

Jencap Group

Acquired Company

Tarheel Insurance Services

InsuranceEmployee Benefits

Description

Jencap Group LLC (Jencap) announced today that it has agreed to acquire the assets of Tarheel Insurance Services, Inc. (Tarheel), a full-service specialty Workers’ Compensation wholesale brokerage based in Statesville, NC. Tarheel will operate under the auspices of the Jencap Insurance Services Inc. (JCIS) division.

Company Information

Company

Jencap Group

About

Jencap is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management. Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence. Headquartered in New York, Jencap leverages its collective power to exceed the expectations of more than 15,000 independent agency partners. For more information, visit JencapGroup.com. ###

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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