Propellint
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Propellint - overview
Location
Hartford, CT, US
Primary Industry
Outsourcing
About
Based in the US, Propellint delivers technology solutions tailored for the Property & Casualty insurance sector, focusing on management software, integrations, and data migration services to enhance operational efficiency. Propellint is a technology solutions provider for the Property & Casualty insurance industry, headquartered in Hartford, US. The company was formed to address the operational needs of insurance organizations. Propellint has not reported any significant pivots or changes in strategy.
The company has been involved in 1 deal, with the most recent deal occurring on July 1, 2025. In this transaction, ReSource Pro, LLC, a portfolio company of Kelso & Company, acquired Propellint for undisclosed financial terms. The founder's specific history is not available; however, the company is recognized for its focus on comprehensive technology services within the insurance domain. Propellint specializes in delivering comprehensive technology solutions and business services specifically for the Property & Casualty (P&C) insurance industry.
The company primarily focuses on core insurance management software solutions, third-party integrations, data migrations, and implementing related software into existing business frameworks. Propellint addresses complex challenges for its client base of over 1,800 insurance organizations across the United States, facilitating system upgrades, replacements, and enhancements to improve operational efficiency in an AI-centric landscape. Propellint's revenue model is based on providing technology services through various engagement structures such as project-based contracts, ongoing partnerships, and consulting agreements. Clients engage Propellint for software implementations, system enhancements, and data migration projects.
Revenue is generated through these service engagements, tailored to meet the complexities of client operational environments, fostering long-term partnerships in the evolving insurance marketplace. The acquisition by ReSource Pro, LLC on July 1, 2025, is expected to enhance its capacity to support complex data migrations and strengthen technology capabilities. Propellint aims to leverage this acquisition to expand its market reach and improve service offerings. Specific plans for new products and geographic expansion have not been detailed, but the acquisition suggests a strategic alignment towards enhancing technological support in the P&C insurance sector.
Current Investors
ReSource Pro, LLC
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing
Website
www.propellint.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Propellint - 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 | Propellint | - |
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