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One80 Intermediaries Acquires Vfis Of North Carolina Deepening Emergency Services Capabilities

May 31, 2022•over 3 years ago

Acquiring Company

One80 Intermediaries

Acquired Company

North Carolina

Description

One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced that it has entered into an agreement to acquire VFIS of North Carolina, an independent producer and Regional Director for VFIS. Terms of the deal were not disclosed.

Company Information

Company

One80 Intermediaries

About

One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, professional and personal lines, life insurance, and travel/accident and health coverages. One80 specializes in key industry verticals such as medical stop loss, cannabis captives, alternative risk, warranty coverage and lender-based insurance. One80 serves commercial companies, non-profits, public entities, individuals and associations and unions, and has access to all major insurance markets in the US, Canada and UK. One80 has offices in more than 40 locations in the US and Canada. For more information visit www.one80intermediaries.com

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