Mid-State Insurance Agency, Inc

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Mid-State Insurance Agency, Inc - overview

Established

1945

Location

Worcester, MA, US

Primary Industry

Insurance

About

Mid-State Insurance Agency, Inc. specializes in providing tailored insurance solutions, focusing on both personal and commercial sectors. The company’s mission is to simplify the insurance process for clients across various industries. Founded in 1945 and headquartered in Worcester, US, Mid-State Insurance Agency, Inc.


offers comprehensive insurance services. Since its acquisition in September 2017 by The Hilb Group, LLC, a portfolio company of ABRY Partners, the agency has continued to operate under its original brand. Mid-State Insurance Agency, Inc. delivers customized personal and commercial insurance solutions that streamline the insurance process.


Their offerings include commercial insurance, personal insurance, and specialized services, focusing on delivering comprehensive coverage tailored to client needs. Additionally, the agency provides on-site registry services, which encompass issuing new plates and registrations, transferring and renewing registrations, and processing duplicate title requests, serving a diverse range of sectors including healthcare, education, and automotive primarily in the New England region. Revenue for Mid-State Insurance Agency, Inc. comes from its comprehensive suite of insurance products and services, engaging clients through direct transactions.


Operating on a B2B model, revenue is generated from policy premiums of personal and commercial insurance offerings and fees from their registry services, fostering long-term client relationships that contribute to a stable revenue stream. While specific forthcoming products have not been disclosed, Mid-State Insurance Agency, Inc. will likely leverage recent funding from its acquisition in September 2017 to support its business operations and potential expansion. The agency aims to strengthen its presence in existing markets and potentially explore new geographic regions within the New England area to enhance service delivery.


Current Investors

The Hilb Group, LLC

Primary Industry

Insurance

Sub Industries

Claims Administration & Processing, Commercial Insurance, Personal Insurance

Website

www.midstins.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Mid-State Insurance Agency, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMid-State Insurance Agency, Inc-

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Mid-State Insurance Agency, Inc - employee data

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