Day & Read, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Day & Read, Inc. - overview
Established
2006
Location
Ilion, NY, US
Primary Industry
Insurance
About
Day & Read, Inc. is an insurance provider specializing in diverse coverage options for individual and commercial needs, enhancing customer protection through tailored solutions and expert service. Founded in 2006 and headquartered in Ilion, New York, Day & Read, Inc. is recognized for offering a variety of insurance products.
In February 2018, the company was acquired by Confie Seguros, Inc. , a portfolio company of ABRY Partners, further integrating its operations within a larger network. Day & Read, now part of InsureOne, specializes in providing a comprehensive range of insurance products designed to meet diverse customer needs. The company offers various coverage options, including auto, home, motorcycle, recreational vehicles (RV), boats, all-terrain vehicles (ATV), snowmobiles, and additional insurance solutions tailored to both individual and commercial clients.
This strategic partnership enhances the product portfolio, allowing customers access to an extensive selection of affordable and tailored insurance products. The company's client base predominantly consists of individual consumers and businesses in the Central New York and Mohawk Valley regions, although InsureOne serves a broader national market through its multiple locations across the United States. The focus is on delivering personalized service and expert advice to ensure clients find the right protection for their specific circumstances. Day & Read generates revenue primarily through the sale of various insurance products, operating on a commission-based structure typical of the insurance industry.
Clients typically engage in direct transactions, where they request quotes and receive customized coverage options based on their needs. The revenue model includes commissions earned from individual policies sold, with an emphasis on personal insurance lines such as auto and homeowners insurance, as well as commercial insurance products. By leveraging its affiliation with InsureOne, the company enhances its buying power, allowing for competitive pricing that benefits clients. The firm is committed to offering a range of services that ensure clients receive value-driven insurance solutions, fostering loyalty and long-term relationships with its customer base.
The company plans to expand its product offerings and enhance market reach in the coming years. Following the acquisition by Confie Seguros in February 2018, Day & Read aims to leverage the resources of its parent company to introduce innovative insurance products tailored to current market demands. Specific geographic regions targeted for expansion include urban areas across New York State, with a strategic timeline set for the next 12 to 18 months. Recent funding from the acquisition is expected to facilitate these initiatives, allowing Day & Read to strengthen its operational capabilities and enhance customer engagement.
Current Investors
Confie Seguros
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries
Website
www.dayreadinc.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Day & Read, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Day & Read, Inc. | - |
Displaying 1 - 1 of 1

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.