Porch Group Acquires American Home Protect and Signs Agreement to Acquire CSE Insurance
September 9, 2021
Porch Group announced the acquisition of American Home Protect (AHP), a Plano, Texas-based home warranty provider, and executed a definitive agreement to acquire CSE Insurance from Covéa, expanding Porch's InsurTech capabilities into California and adding auto and umbrella products. The transactions add approximately $40 million of annualized recurring revenue and broaden Porch's product set to include home warranties and additional insurance lines.
- Buyers
- Porch Group, Inc.
- Targets
- CSE Insurance, American Home Protect
- Sellers
- Covéa
- Industry
- Insurance
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Porch Group Acquires Certain Assets of Residential Warranty Services
June 8, 2022
Insurance
Porch Group, Inc. has acquired certain assets of Residential Warranty Services (RWS) from RWS (terms not disclosed). The acquisition adds home warranty, service-contract and related software and marketing capabilities — and distribution through real-estate and home-inspector channels — to Porch's vertical home services platform.
-
PPS (Patrol Protect and Secure) Acquires American Heritage Protection Services (AHPS)
September 26, 2019
Professional Services
Patrol Protect and Secure (PPS), a security platform formed by Mangrove Equity Partners and Sunlake Capital, has acquired American Heritage Protection Services (AHPS), an Illinois-based provider of armed and unarmed security guard services. The deal is an add-on acquisition to expand PPS's scale and geographic footprint, strengthening its capabilities serving utility companies and healthcare facilities.
-
Hub International Acquires the Assets of Asset Protection, Inc. (AP Group)
October 16, 2023
Insurance
Hub International Limited acquired the assets of Asset Protection, Inc. (d/b/a AP Group), a Midlothian, Virginia insurance agency that specializes in coverage for dentists, oral surgeons, physicians and other professionals. The AP Group team led by Monty Dise will join Hub Mid-Atlantic as Hub strengthens its healthcare insurance capabilities; terms were not disclosed.
-
Alliant Insurance Services Acquires Assured Health Group
June 5, 2024
Insurance
Alliant Insurance Services has acquired Assured Health Group (AHG), a West Palm Beach-based direct-to-consumer agency specializing in Affordable Care Act (ACA) under-65 individual health insurance plans. AHG will join Alliant Consumer Group to expand Alliant's presence in the ACA marketplace; terms were not disclosed and the entire AHG team will join Alliant.
-
Insure Homes (a Milestone Partners Portfolio Company) Invests in StrucSure Home Warranty
July 27, 2021
Financial Services
Insure Homes Holdings LLC, a specialty insurance holding company backed by Milestone Partners, completed an investment in StrucSure Home Warranty, a Denver-founded provider of insurance-backed new-home structural warranties. The deal expands Insure Homes' warranty and builder-facing capabilities and supports StrucSure's national growth from a strong Texas presence; the transaction was supported by a senior credit facility led by Citizens Bank with Univest Bank participating.
-
High Street Insurance Partners Acquires Southeastern Agency Group
January 13, 2022
Insurance
High Street Insurance Partners (HSIP), a Traverse City, Michigan-based insurance brokerage, acquired Southeastern Agency Group (SAG), a full-service insurance firm headquartered in Greensboro, North Carolina. The deal is an add-on to HSIP’s ongoing roll-up strategy as the firm continues rapid expansion of its community-focused agency network.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.