Tracked deals
10
10 tracked deals across 2021-2026.
Insurance Buyers & Acquisitions in Montana
Buyer mix
Strategic-led
11 strategic
Top trend
Volume peaked in 2021
4 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Agency consolidation in Montana: Hub International Limited / Hub Mountain acquired assets of Montana independent agencies, with teams joining the regional platform.
- Benefits and specialty growth: Inszone Insurance Services expanded into Montana and added employee benefits expertise; SPG acquired an insurance provider focused on short-term rental properties.
- Technology + services expansion: UniFi Group pursued a joint venture combining its insurance tech and BPO capabilities with a flood insurance platform; K2 Insurance Services backed and acquired insurtech and premium finance/billing capabilities.
- Claims and adjusting coverage: Sedgwick acquired a Montana-area claims adjusting firm serving Montana, Wyoming, and the Mountain West.
- How deals are framed: many announcements emphasize continuity (retaining key team members) and broader access to carriers, commercial/property lines, or specialized product offerings.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hub International Limited | 2 | Leading full-service global insurance brokerage and finan... | Strategic |
| Inszone Insurance Services | 2 | Full-service insurance brokerage offering property & casu... | Strategic |
| K2 Insurance Services, LLC | 2 | Insurance services holding company that owns and operates... | Strategic (PE-backed) |
| Hub Mountain | 1 | Regional division of Hub International focused on serving... | Strategic |
| Marsh & McLennan Agency LLC | 1 | Middle-market insurance brokerage and risk advisory subsi... | Strategic |
| Sedgwick | 1 | Global provider of technology-enabled risk, benefits and ... | Strategic (PE-backed) |
| Specialty Program Group LLC (SPG) | 1 | Operator of specialty insurance distribution, underwritin... | Strategic |
| UniFi Group | 1 | Privately held service organization providing insurance-f... | Strategic |
Acquisition Volume in Insurance in Montana by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
June 23, 2026
- Buyer
- Inszone Insurance Services
- Target
- BenefitRiver, LLC
- Seller
- Craig Gilbert (founder of BenefitRiver, LLC; transitioning out)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Inszone Insurance Services has acquired BenefitRiver, LLC, an employee benefits agency with locations in Bozeman, Montana and Golden, Colorado. The deal expands Inszone’s footprint in Montana and Colorado while adding specialized employee benefits expertise and supporting continuity by bringing key BenefitRiver team member Jen Bernier into Inszone.
-
February 27, 2026
- Buyer
- Specialty Program Group LLC (SPG)
- Target
- Proper Insurance (Proper)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Specialty Program Group LLC (SPG) acquired Proper Insurance, a provider of insurance solutions tailored to short-term rental properties. Proper, founded in 2014 and based in Bozeman, Montana, offers a commercial policy designed to replace traditional homeowners or landlord coverage for hosts and professionally managed portfolios.
-
- Buyer
- Inszone Insurance Services
- Target
- Rocky Mountain Insurance Group, LLC
- Seller
- Gena Gaub
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Inszone Insurance Services has acquired Rocky Mountain Insurance Group, LLC, marking Inszone’s first expansion into Montana. The acquisition brings the benefits-focused agency founded by Gena Gaub into Inszone’s platform, enhancing Inszone’s benefits capabilities and providing Rocky Mountain’s clients access to broader carrier options and commercial/property lines.
-
- Buyer
- Hub International Limited
- Target
- Hobson Insurance (Cherokee Capital, Inc., d/b/a Hobson Insurance)
- Seller
- Cherokee Capital, Inc. (d/b/a Hobson Insurance)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Hub International Limited acquired the assets of Cherokee Capital, Inc., d/b/a Hobson Insurance, a full-service independent agency based in Hobson, Montana. The Hobson team, led by co-owners Kristy Longfellow and Misty Kriskovich, will join Hub Mountain to expand Hub's commercial and personal insurance capabilities in the region; terms were not disclosed.
-
- Buyer
- Hub International Limited, Hub Mountain (Hub division)
- Target
- Glacier Insurance of Libby, Inc.
- Seller
- Glacier Insurance of Libby, Inc. (owners Kevin Peck and Kim Peck)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Addon
Hub International Limited acquired the assets of Glacier Insurance of Libby, Inc., a full-service independent insurance agency based in Libby, Montana. The Glacier Insurance team, led by owners Kevin and Kim Peck, will join Hub Mountain to expand Hub’s commercial and personal insurance capabilities in the Mountain region; terms were not disclosed.
-
- Buyer
- UniFi Group
- Target
- National Flood Services (NFS)
- Seller
- PEAK6 InsurTech, PEAK6
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
UniFi Group has agreed to acquire a controlling interest in National Flood Services (NFS), with PEAK6 InsurTech retaining a minority stake in the new joint venture. The transaction is expected to close in the third quarter of 2022 and UniFi will combine its insurance-focused technology and BPO capabilities with NFS's flood insurance platform to expand services and capabilities in the flood insurance market.
-
September 28, 2021
- Buyer
- Sedgwick
- Target
- Candau, Inc
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Sedgwick has acquired Candau, Inc., a full-service claims adjusting firm serving Montana, Wyoming and the surrounding Mountain West region. The deal expands Sedgwick's automotive and heavy equipment appraisal and adjusting coverage in the Mountain West, broadening its adjuster network and local capabilities.
-
April 1, 2021
- Buyer
- Marsh & McLennan Agency LLC (MMA)
- Target
- PayneWest Insurance
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Marsh & McLennan Agency LLC (MMA), the middle-market agency subsidiary of Marsh, has acquired PayneWest Insurance, a Missoula, Montana-based independent insurance agency. PayneWest’s more than 700 employees and 26 regional offices will operate as MMA’s Northwest regional hub to expand MMA’s geographic footprint and capabilities in the Pacific Northwest.
-
- Buyer
- K2 Insurance Services, LLC
- Target
- Loss Run Pro, LLC
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Growth capital
K2 Insurance Services, LLC made an early-stage growth investment in Loss Run Pro, LLC, a Missoula, Montana–based insurtech that provides subscription software to request, track, and manage loss runs. K2 said the investment and its network of MGAs, carriers and brokers will help Loss Run Pro expand its carrier and broker distribution and accelerate product adoption.
-
- Buyer
- K2 Insurance Services, LLC
- Target
- Columbia Pacific Finance, LLC
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
K2 Insurance Services has acquired a majority stake in Columbia Pacific Finance (CPF), a Missoula, Montana–based premium finance and billing solutions provider for insurance agencies. The partnership will expand K2's product offerings and national footprint in premium financing and billing; CPF President Reghan Brandt will continue to lead day-to-day operations.
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Frequently Asked Questions
Which insurance acquisition buyers are most active in Montana?
Recurring buyers in Montana include Inszone Insurance Services, Hub International Limited (including Hub Mountain), UniFi Group, Specialty Program Group LLC (SPG), Marsh & McLennan Agency LLC (MMA), K2 Insurance Services, LLC, and Sedgwick.
What kinds of insurance businesses are being acquired in Montana?
Deal themes include full-service independent insurance agencies, employee benefits agencies, specialty offerings for short-term rentals, flood insurance technology platforms, premium finance/billing services, loss-run software, and claims adjusting firms.
Are the Montana acquisitions mostly agency roll-ups or do they include services and technology?
Both. The page includes agency consolidations (e.g., Hub acquisitions and team integrations) as well as services and technology-related transactions such as UniFi Group’s flood insurance platform joint venture and K2 Insurance Services’ investments in software and premium financing.
Do deal summaries mention Montana-specific locations?
Yes. The acquisitions described are explicitly located in Montana, United States, with multiple targets based in Montana cities such as Bozeman, Golden (via an employee benefits agency with locations there and in Montana), Hobson, Libby, and Missoula.
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