Public Company Financial Services

Porch Group

Seattle, Washington, United States

Porch Group is a vertical software and insurance platform positioned to help homebuyers move, maintain, and fully protect their homes, with homeowners insurance at the center of the relationship. It offers differentiated products and services and operates a home-services SaaS platform serving key participants in the home-buying transaction (e.g., home inspectors, mortgage companies, and title companies).

Focus Areas
Homeowners insurance, InsurTech, Home warranty / protection plans
Website
porchgroup.com

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture

Porch Group Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Porch Group. 3 2021 1 2022 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Porch Insurance Reciprocal Exchange (PIRE), Porch Group
    Target
    Allied Trust
    Industry
    Insurance
    Type
    Buyout

    Porch Insurance Reciprocal Exchange (PIRE) and Porch Group entered into a definitive agreement to acquire Allied Trust’s insurance carrier and its managing general agency and captive reinsurance entity, respectively, for approximately $200 million in total consideration. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions, and is intended to expand Porch’s insurance business into Louisiana while adding scale and claims data.

  • Buyer
    Porch Group, Inc.
    Target
    Residential Warranty Services, Inc.
    Seller
    Residential Warranty Services, Inc.
    Industry
    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.

  • October 27, 2021
    Buyer
    Porch Group, Inc.
    Target
    Floify
    Industry
    Cloud & SaaS
    Type
    Buyout

    Porch Group acquired Floify, a Boulder-based digital mortgage automation and point-of-sale SaaS provider, for $76.5 million in cash plus $10 million of Porch common stock. The acquisition is expected to add approximately $15 million of recurring B2B SaaS revenue in 2022 and gives Porch entry into the mortgage origination market and early access to high-intent homebuyers.

  • Buyer
    Porch Group, Inc.
    Target
    CSE Insurance, American Home Protect
    Seller
    Covéa
    Industry
    Insurance
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Porch Group, Inc.
    Target
    V12
    Seller
    DataMentors Holdings, Inc.
    Type
    Buyout

    Porch Group, Inc. (NASDAQ: PRCH) acquired V12, a provider of purchase-intent data and marketing services, to combine V12's mover database and buyer-intent signals with Porch's pre-move and home-related data assets. The deal is intended to enhance Porch's data and marketing product offerings for brands and home-service providers and accelerate new-mover marketing solutions.

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