Springbrook Insurance Agency, Inc.
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Springbrook Insurance Agency, Inc. - overview
Established
2006
Location
San Diego, CA, US
Primary Industry
Insurance
About
Springbrook Insurance Agency provides tailored insurance solutions, including personal and commercial insurance, to meet the diverse needs of its clients while ensuring comprehensive coverage and risk management. Springbrook Insurance Agency specializes in offering personal and commercial insurance solutions. Founded in 2006, the company is located in San Diego, US. The most recent deal occurred on November 7, 2024, when Inszone Insurance Services, Inc.
acquired Springbrook Insurance Agency. The acquisition is aimed at enhancing personal and health insurance offerings in Southern California. The founder's history and prior ventures are not publicly available. Springbrook Insurance Agency delivers a comprehensive suite of insurance solutions designed to address the unique needs of individuals and businesses.
Their core offerings encompass general liability insurance, workers' compensation, commercial auto and trucking insurance, property insurance, and a range of personal insurance products such as homeowners and auto insurance. The agency caters to various sectors, including contractors, healthcare services, entertainment, restaurants, and small businesses, primarily serving clients in California. Springbrook Insurance Agency generates revenue through direct interactions with clients who seek customized insurance solutions. Operating both business-to-consumer (B2C) and business-to-business (B2B) models, the agency provides consultations to assist clients with their insurance needs.
Clients receive quotes tailored to their specific requirements, leading to the purchase of diverse insurance packages, including general liability and commercial auto insurance. The pricing structure reflects coverage levels and risk profiles, ensuring that clients receive sufficient protection while managing costs effectively, thereby fostering long-term relationships. Following the acquisition on November 7, 2024, Inszone Insurance Services, Inc. intends to bolster its personal and health insurance solutions while expanding its footprint in Southern California.
Future initiatives may include launching new insurance products and entering additional markets, though specific details and timelines have yet to be outlined. The strategic rationale behind the acquisition focuses on strengthening Inszone's market presence and enhancing its service offerings in the region.
Current Investors
Inszone Insurance Services, Inc.
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries, Commercial Insurance
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Springbrook 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 | Springbrook Insurance Agency, Inc. | - |
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