Wilson Paves & Associates Insurance Agency, Inc.
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Wilson Paves & Associates Insurance Agency, Inc. - overview
Established
1977
Location
Bakersfield, CA, US
Primary Industry
Internet
About
Wilson Paves & Associates Insurance Agency, Inc. is a specialized insurance provider focused on delivering tailored insurance solutions for both businesses and individuals to manage diverse risks effectively. Founded in 1977, Wilson Paves & Associates Insurance Agency, Inc. operates primarily in Bakersfield, US, providing a range of insurance services.
The agency became part of AssuredPartners Inc. in August 2020, which was facilitated by their acquisition. The exact financial terms of the deal were not disclosed. Wilson Paves & Associates Insurance Agency, Inc.
offers a comprehensive suite of insurance solutions designed for both businesses and individuals. Their core services include business insurance, employee benefits, and personal insurance, addressing various risks faced by clients across multiple sectors such as healthcare, manufacturing, real estate, and transportation. The agency prioritizes innovative solutions and exceptional customer service, leveraging extensive industry knowledge to cater to a diverse client base primarily in the United States. Wilson Paves & Associates generates revenue through commissions from insurance premiums, consulting fees, and service agreements with clients for customized insurance solutions.
These engagements are typically structured as annual contracts or multi-year agreements, supplemented by value-added services like risk management consulting, contributing to sustained revenue growth and operational stability. Looking ahead, Wilson Paves & Associates Insurance Agency, Inc. intends to expand its product offerings and enhance its market presence. The agency is currently developing new insurance products, expected to launch in the coming quarters.
Additionally, they aim to penetrate new geographical markets, focusing on regions that have been identified for growth by 2023. The recent acquisition under AssuredPartners Inc. provides the financial backing to support these strategic initiatives, positioning the agency for further growth.
Current Investors
AssuredPartners, Inc.
Primary Industry
Internet
Sub Industries
Insurance Intermediaries
Website
www.wilsonpaves.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Wilson Paves & Associates 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 | Wilson Paves & Associates Insurance Agency, Inc. | - |
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