Propel Insurance Overview
- Year Founded
-
1923
- Status
-
Acquired/Merged
- Employees
-
580
- 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
Website
www.propelinsurance.com(Operating Subsidiary)
Corporate Office
- 1201 Pacific Avenue
- Suite 1000
- Tacoma, WA 98402
- United States
Corporate Office
- 1201 Pacific Avenue
- Suite 1000
- Tacoma, WA 98402
- United States
Propel Insurance Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Propel Insurance Comparisons
Industry
Financing
Details
Propel Insurance Competitors (50)
One of Propel Insurance’s 50 competitors is Alliant Insurance Services, a Private Equity-Backed company based in Irvine, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Alliant Insurance Services | Private Equity-Backed | Irvine, CA | ||||
| AmWINS | Private Equity-Backed | Charlotte, NC | ||||
| Insgroup | Corporate Backed or Acquired | Houston, TX | ||||
| Higginbotham | Private Equity-Backed | Fort Worth, TX | ||||
| Horton Group (Insurance Brokers) | Corporate Backed or Acquired | Orland Park, IL |
Propel Insurance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Propel Insurance Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Propel Insurance Investments & Acquisitions (8)
Propel Insurance’s most recent deal was a Merger/Acquisition with Jowers-Sklar Insurance. The deal was made on 03-Aug-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Jowers-Sklar Insurance | 03-Aug-2022 | Merger/Acquisition | Insurance Brokers | ||
| The Beck Agency | 12-May-2022 | Merger/Acquisition | Multi-line Insurance | ||
| Cate-Russell Insurance | 19-Jan-2022 | Merger/Acquisition | Insurance Brokers | ||
| South Risk Management | 01-Jun-2021 | Buyout/LBO | Other Insurance | ||
| HealthCare Services | 01-Jul-2020 | Buyout/LBO | Other Insurance |
Propel Insurance Affiliates
Subsidiaries (2)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| South Risk Management | Columbia, SC | 2006 | |
| The Beck Agency | Alpharetta, GA | 1997 |
Propel Insurance FAQs
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When was Propel Insurance founded?
Propel Insurance was founded in 1923.
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Where is Propel Insurance headquartered?
Propel Insurance is headquartered in Tacoma, WA.
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What is the size of Propel Insurance?
Propel Insurance has 580 total employees.
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What industry is Propel Insurance in?
Propel Insurance’s primary industry is Insurance Brokers.
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Is Propel Insurance a private or public company?
Propel Insurance is a Private company.
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What is Propel Insurance’s current revenue?
The current revenue for Propel Insurance is .
-
How much funding has Propel Insurance raised over time?
Propel Insurance has raised $59.7M.
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Who are Propel Insurance’s investors?
Flexpoint Ford and Maranon Capital have invested in Propel Insurance.
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Who are Propel Insurance’s competitors?
Alliant Insurance Services, AmWINS, Insgroup, Higginbotham, and Horton Group (Insurance Brokers) are some of the 50 competitors of Propel Insurance.
-
When was Propel Insurance acquired?
Propel Insurance was acquired on 08-Sep-2021.
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Who acquired Propel Insurance?
Propel Insurance was acquired by Alera Group.
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