OceanPoint Insurance Agency, Inc.
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OceanPoint Insurance Agency, Inc. - overview
Established
1863
Location
Middletown, RI, US
Primary Industry
Insurance
About
Based in Rhode Island, US, and founded in 1863, OceanPoint Insurance Agency, Inc. , a. k. a.
OceanPoint Insurance Agency operates as a provider of property and casualty insurance solutions, as well as business and personal insurance that includes auto, boat, flood, motorcycle, and umbrella. The company is a subsidiary of the mutual holding company, OceanPoint Financial Partners, MHC, and an Equal Opportunity Employer. In December 2022, The Hilb Group, LLC, a portfolio company of Carlyle Group, acquired OceanPoint Insurance Agency, Inc. As of December 2022, Douglas Mayhew is the CEO of the company.
The company offers complete property and casualty products and solutions, as well as employee benefits offerings for its clients in both commercial and personal lines. OceanPoint Insurance Agency also provides life insurance products, such as term life insurance, long-term care, and long-term disability insurance. In addition, the firm offers a wide range of business insurances, such as boiler and machinery, business owners policies, commercial auto, commercial package policies, contractors’ insurance, cyber liability, directors and officers, employment practices, and more.
Current Investors
The Hilb Group, LLC
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Commercial Insurance, Life Insurance, Personal Insurance
Website
www.oceanpointins.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
OceanPoint 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 | Completed | OceanPoint Insurance Agency, Inc. | - |
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