logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Ritter Insurance Marketing Acquires Executive Resource Insurance Network, Expands In Florida

Aug 30, 2021•over 4 years ago

Acquiring Company

Ritter Insurance Marketing

Acquired Company

Executive Resource Insurance Network (ERIN)

Financial ServicesLending And InvestmentsFinancial Services

Description

Ritter Insurance Marketing (Ritter), a national leader in Medicare and life insurance contracts and sales technology, has announced its purchase of Executive Resource Insurance Network (ERIN), an independent wholesale brokerage agency in Sarasota, Florida.

Company Information

Company

Ritter Insurance Marketing

About

Ritter Insurance Marketing is a field marketing organization supporting independent insurance agents in the senior health and life insurance markets. Based in Harrisburg, Pa., Ritter has satellite offices in Bayside, NY; Omaha, NE; Scottsdale, AZ; Reisterstown, MD; and Medina, OH. More than 230 full-time Ritter employees support the business of thousands of independent insurance agents in all 50 states. Ritter's proprietary software development and agent service departments develop and market leading business solutions for insurance agents. For more information, visit www.ritterim.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