Salzberg Insurance Agency
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Salzberg Insurance Agency - overview
Established
1938
Location
Norfolk, VA, US
Primary Industry
Insurance
About
Salzberg Insurance Agency, based in the US, provides a wide array of insurance solutions designed to protect individuals and businesses from various risks, including property damage and liability claims. Founded in 1938 and headquartered in Norfolk, Virginia, Salzberg Insurance Agency specializes in insurance products for personal and commercial needs, establishing a strong presence in the local market. The agency has maintained its focus on tailored insurance solutions to meet unique client needs. The founder's background is not specified in available records.
Recently, in November 2025, Salzberg Insurance Agency was acquired by Afore Insurance Services, LLC, a portfolio company of Neace Ventures, to enhance their footprint in Virginia and the Mid-Atlantic region. Salzberg Insurance Agency specializes in offering a diverse range of insurance products tailored for both personal and business needs. Their offerings include homeowners insurance, auto insurance, flood insurance, high net worth insurance, umbrella insurance, and various business insurance solutions such as general liability and workers' compensation. These products are geared towards mitigating specific risks individuals and businesses may encounter, catering to clients primarily across Norfolk, Virginia Beach, Chesapeake, Portsmouth, Newport News, and Hampton.
Salzberg Insurance Agency generates revenue through commissions earned from the sale of insurance policies, which cover both personal and commercial lines. Revenue is derived from policy premiums paid by clients for coverage established at the start of their relationship. By representing multiple insurance companies, the agency provides a competitive edge with flexible pricing and customizable coverage options. Following its acquisition by Afore Insurance Services, LLC, Salzberg Insurance Agency aims to expand its market presence further into Virginia and the Mid-Atlantic region.
The acquisition, finalized in November 2025, will enable the agency to leverage Afore's resources to enhance its product offerings and client services in these strategic areas.
Current Investors
Afore Insurance Services, LLC
Primary Industry
Insurance
Sub Industries
Personal Insurance, Commercial Insurance
Website
www.salzberginsurance.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Salzberg Insurance Agency - 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 | Salzberg Insurance Agency | - |
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