DeFranco Insurance Agency Inc.
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DeFranco Insurance Agency Inc. - overview
Established
1953
Location
Seattle, WA, US
Primary Industry
Insurance
About
DeFranco Insurance Agency Inc. , based in the US, is a provider of comprehensive insurance solutions, specializing in personal and business insurance services to safeguard clients' assets and manage risks effectively. DeFranco Insurance Agency Inc. operates as an insurance brokerage firm, focusing on serving diverse insurance needs.
Founded in 1953 and headquartered in Seattle, US, the company was acquired in April 2023 by Hub International Limited from ABRY Partners and Confie Seguros. The acquisition aligns with Hub International’s strategy to broaden its service offerings. The company has completed a total of 2 deals since its founding. DeFranco Insurance Agency Inc.
offers a wide array of insurance solutions tailored to individual and business needs. Their core offerings include personal insurance such as auto and home, business insurance including General Liability and Workers’ Compensation, as well as risk management services. The agency caters to a broad client base, including individuals and businesses of various sizes across Washington, Idaho, Oregon, California, and Arizona. They provide customized insurance packages through multiple preferred insurance providers to ensure competitive pricing and tailored coverage.
The revenue model for DeFranco Insurance Agency Inc. is built on B2B and direct-to-consumer transactions, primarily through commission-based structures for customized insurance packages. Revenue is generated from policy premiums, commissions from insurance carriers, and consulting fees related to risk management services, establishing a consistent income stream from both individual clients and corporate partnerships. Following the acquisition in April 2023, DeFranco Insurance Agency Inc.
is set to expand its product and service offerings globally under Hub International Limited. This initiative will involve designing and launching new insurance products to better meet client needs. The acquisition's rationale is to enhance Hub International’s service portfolio, marking a strategic move towards broadening its reach in the insurance market.
Current Investors
Confie Seguros
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Life Insurance, Personal Insurance
Website
www.defrancoinsurance.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
DeFranco Insurance Agency 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, Trade Sale | Completed | DeFranco Insurance Agency Inc. | - | ||||||||
| Add-on | Completed | DeFranco Insurance Agency Inc. | - |
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DeFranco Insurance Agency Inc. - employee data
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