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U.S. Risk Announces Acquisition Of Gumtree Wholesale Insurance Brokers

Feb 13, 2023•almost 3 years ago

Acquiring Company

U.S. Risk

Acquired Company

Gumtree Wholesale Insurance Brokers

Financial Services

Description

U.S. Risk Insurance Group, LLC, a leading property and casualty wholesale broker and specialty lines underwriting manager, today announced the acquisition of Jackson, Mississippi-based Gumtree Wholesale Insurance Brokers, Inc. The company specializes in trucking insurance solutions for the transportation industry and will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed.

Company Information

Company

U.S. Risk

About

U.S. Risk, LLC is a leading international specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas. Operating 16 domestic and international branches, the company offers a broad range of products and services through its divisions and affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Solutions, Oxford Insurance Brokers Ltd. (UK), James Hampden International Insurance Brokers Ltd. (UK), MGB Insurance Brokers Ltd. (UK), Antarah FZE (UAE) and UNIS United Insurance Services (Zurich). For more information, visit www.usrisk.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