Jones Raphael & Oulundsen Inc
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Jones Raphael & Oulundsen Inc - overview
Location
New Britain, CT, US
Primary Industry
Insurance
About
Jones Raphael & Oulundsen Inc operates as a specialized insurance firm, offering tailored coverage solutions for businesses and individuals. With a focus on employee benefits and business insurance, they cater to diverse market needs. Jones Raphael & Oulundsen Inc is an insurance provider based in New Britain, US, that specializes in employee benefits and business insurance solutions. The company was acquired by Assured Agencies, a portfolio company of GTCR, in May 2015, enhancing its market presence.
The founder's history is not specified, but the company operates without any known subsidiaries or parent entities. Jones Raphael & Oulundsen Inc provides a comprehensive range of insurance products and services that include employee benefits solutions, business insurance, and personal insurance. Their offerings encompass health and welfare compliance, wellness programs, and various types of coverage for small to medium-sized enterprises across industries such as construction, healthcare, and transportation, as well as high-net-worth individuals seeking personal insurance solutions. The firm generates revenue primarily through commission fees from sold insurance policies, both personal and commercial.
Clients entering contracts for employee benefits services pay fees based on employee enrollment, while individual clients typically contribute through annual premiums for auto, home, and specialty insurance, establishing a reliable revenue stream. Following the acquisition in May 2015, Jones Raphael & Oulundsen Inc plans to expand its product offerings and geographic reach. Specific upcoming product launches are in the design phase, with a strategic focus on enhancing employee benefits and personal insurance products. The firm targets expansion into additional markets within the Northeast region of the United States to broaden its client base.
Funding from the acquisition deal will support these initiatives, enabling the company to strengthen its operational capabilities and service offerings.
Current Investors
AssuredPartners, Inc.
Primary Industry
Insurance
Sub Industries
Personal Insurance, Life Insurance
Website
www.jroinsure.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Jones Raphael & Oulundsen 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 | Jones Raphael & Oulundsen Inc | - |
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