US-based insurance brokerage Inszone Insurance Services has acquired ISU Francis-Pinney Insurance Services for an undisclosed amount.
The move marks a significant expansion of Inszone Insurance Services’ operations in California, US.
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It is aimed at enhancing Inszone’s ability to offer tailored insurance solutions to its clients.
ISU Francis-Pinney Insurance Services has engaged in a series of consolidation activities, such as mergers with entities such as All-Cal Insurance and the John A. Francis Agency, under the leadership of industry veteran R. Jan Pinney.
Pinney is known for his expertise in property & casualty (P&C) insurance.
The acquisition is set to bolster Inszone Insurance Services’ market presence in California, providing ISU Francis-Pinney clients access to a wider range of insurance carriers, improved back-office support and specialised service teams.
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By GlobalDataInszone said that it aims to continue delivering a range of insurance services across different industries and maintaining its growth trajectory through further acquisitions.
In the coming months, Inszone anticipates announcing additional key acquisitions as part of its ongoing expansion strategy.
Helfer & Associates was the exclusive representative and strategic advisor for ISU Francis-Pinney Insurance Services during the transaction.
Inszone CEO Chris Walters said: “We are excited to welcome Francis-Pinney into the Inszone team. The agency’s history of growth, dedication to client service and industry leadership aligns perfectly with our values and mission.
“We look forward to leveraging our combined expertise to continue providing exceptional service to our clients.”
Established in 2002 and based in Sacramento, Inszone offers a wide variety of P&C insurance and employee benefits solutions.
Currently, it operates 68 locations across multiple states and aims to extend its reach throughout the US.
