Propel Insurance Overview

  • Year Founded
  • 1923

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 580

Employees

  • Latest Deal Type
  • Buyout/​LBO

  • Financing Rounds
  • 7

  • Investments
  • 8

Propel Insurance General Information

Description

Provider of insurance brokerage services catering to clients in the construction, senior living, real estate, transportation, timber, consumer products, sports and recreation industries. The company offers a broad array of property, casualty, risk management, workers' compensation, employee benefits, and personal insurance products, thereby enabling clients to manage and fulfill their insurance needs.

Contact Information

Formerly Known As
Bratrud Middleton Insurance
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Primary Industry
Insurance Brokers
Parent Company
Corporate Office
  • 1201 Pacific Avenue
  • Suite 1000
  • Tacoma, WA 98402
  • United States
+1 (253) 000-0000

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Propel Insurance Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Propel Insurance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of insurance brokerage services catering to clients in the construction, senior living, real estate, transporta
Insurance Brokers
Tacoma, WA
580 As of 2023
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000000000000 00000

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000000000 0000000
Irvine, CA
00000 As of 0000
00.000
000000000000 00.000

000000

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000000000 0000000
Bellevue, WA
000 As of 0000
000000000000
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Propel Insurance Competitors (42)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Alliant Insurance Services Private Equity-Backed Irvine, CA 00000 00.000 000000000000 00.000
Parker Smith & Feek Private Equity-Backed Bellevue, WA 000 000000000000
Insgroup Corporate Backed or Acquired Houston, TX 000 000000&0
Higginbotham Private Equity-Backed Fort Worth, TX 0000 00.000 0000000 0000 00.000
AmWINS Private Equity-Backed Charlotte, NC 0000 00.000 000000000 00 00.000
You’re viewing 5 of 42 competitors. Get the full list »

Propel Insurance Executive Team (6)

Name Title Board Seat Contact Info
Kurt Carlson Managing Partner
Richard Todd Regional Director & Partner
Mike Simpson Chief Information Officer
You’re viewing 3 of 6 executive team members. Get the full list »

Propel Insurance Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Propel Insurance Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Propel Insurance Investments & Acquisitions (8)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Jowers-Sklar Insurance 03-Aug-2022 0000000000 Property and Casualty Insurance
The Beck Agency 12-May-2022 0000000000 Insurance Brokers 0000 0000
Cate-Russell Insurance 19-Jan-2022 0000000000 Multi-line Insurance 0000 0000
South Risk Management 01-Jun-2021 0000000000 Other Insurance 0000 0000
HealthCare Services 01-Jul-2020 Buyout/LBO Other Insurance
You’re viewing 5 of 8 investments and acquisitions. Get the full list »

Propel Insurance Subsidiaries (2)

Company Name Industry Location Founded
South Risk Management Other Insurance Columbia, SC 2006
The Beck Agency Insurance Brokers Alpharetta, GA 0000
To view Propel Insurance’s complete subsidiaries history, request access »

Propel Insurance FAQs

  • When was Propel Insurance founded?

    Propel Insurance was founded in 1923.

  • Where is Propel Insurance headquartered?

    Propel Insurance is headquartered in Tacoma, WA.

  • What is the size of Propel Insurance?

    Propel Insurance has 580 total employees.

  • What industry is Propel Insurance in?

    Propel Insurance’s primary industry is Insurance Brokers.

  • Is Propel Insurance a private or public company?

    Propel Insurance is a Private company.

  • What is Propel Insurance’s current revenue?

    The current revenue for Propel Insurance is 000000.

  • How much funding has Propel Insurance raised over time?

    Propel Insurance has raised $304M.

  • Who are Propel Insurance’s investors?

    Flexpoint Ford and Maranon Capital have invested in Propel Insurance.

  • Who are Propel Insurance’s competitors?

    Alliant Insurance Services, Parker Smith & Feek, Insgroup, Higginbotham, and AmWINS are some of the 42 competitors of Propel Insurance.

  • When was Propel Insurance acquired?

    Propel Insurance was acquired on 08-Sep-2021.

  • Who acquired Propel Insurance?

    Propel Insurance was acquired by Alera Group.

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