Evertree Insurance Acquires Prosper Insurance

Evertree Insurance Acquires Provision Insurance Group

January 17, 2023

Insurance

Evertree Insurance, a technology-enabled property & casualty insurance distribution platform, has acquired Provision Insurance Group, a Michigan-based independent brokerage that serves primarily personal lines and small commercial clients. The deal brings Provision's 44 employees (including 20 producers) and its offices in Bingham Farms and Grand Rapids onto the Evertree platform as part of the company's roll-up strategy.

Evertree Insurance Acquires Gnade Insurance Group

December 15, 2022

Insurance

Evertree Insurance, a technology-enabled personal lines insurance distribution platform backed by Integrum Holdings, has acquired Gnade Insurance Group, a 27-person independent agency based in Frankfort, Illinois. The acquisition brings Gnade's ~4,600 clients and 20+ carrier appointments onto the Evertree platform as an add-on to expand distribution and deploy Evertree's tools and technology.

Evertree Insurance Services Acquires 1st American Insurance, Alliance Insurance Services and The Banks Agency

July 18, 2023

Insurance

Evertree Insurance Services, a tech-enabled independent insurance brokerage, closed acquisitions of 1st American Insurance (Longmont, CO), Alliance Insurance Services (Arvada, CO) and The Banks Agency (Golden, CO) on July 7, 2023 to establish its Mountain Region. The transactions expand Evertree's regional footprint in Colorado and add experienced agency teams to its national, technology-enabled brokerage platform.

JAB Insurance Acquires Prosperity Life Group from Elliott Investment Management

September 5, 2025

Insurance

JAB Insurance has completed its acquisition of Prosperity Life Group from Elliott Investment Management. Prosperity — which serves roughly one million policyholders and manages nearly $30 billion in assets — will become a foundational part of JAB Insurance as the buyer seeks to build a global life insurance platform and expand its capabilities.

Everspan Insurance Company Acquires Providence Washington Insurance Company

October 4, 2021

Insurance

Everspan Insurance Company, a subsidiary of Ambac Financial Group, completed the acquisition of Providence Washington Insurance Company from a subsidiary of Enstar Group Limited effective October 1, 2021. The purchase augments Everspan Group's admitted carrier capabilities to launch new admitted programs, expand product offerings, and strengthen relationships with distribution and program partners.

Waverly Advisors Acquires Prosper Financial Advisers

November 10, 2023

Wealth Management

Waverly Advisors, a fee-only registered investment adviser backed by Wealth Partners Capital Group and HGGC’s Aspire platform, has acquired Prosper Financial Advisers of St. Petersburg, Florida. The deal closed on November 10, 2023, adds approximately $146 million of AUM to Waverly (bringing total AUM to about $7.7 billion) and brings founder Rhonda Holifield and her all-female team into Waverly to expand the firm’s Florida presence.