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March 31, 2021

Integrity Marketing Group continues buying spree with Modern Insurance deal

Texas-based life and health insurance products distributor Integrity Marketing Group has snapped up independent marketing organisation (IMO) Modern Insurance Marketing for an undisclosed sum.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  Consult our full report here and optimize your business strategy.
by GlobalData
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Modern Insurance president Greg Osborne will assume the role of a managing partner in Integrity.

The deal will also make employees of Modern Insurance eligible for the Integrity Employee Ownership Plan, which offers meaningful company ownership.

Integrity managing partner Ryan Kimble said: “Modern Insurance will serve more Americans than ever before by utilising the technology, resources and tools that are only available through the Integrity platform.

“What Greg has accomplished in the industry is amazing. As partners, we have an opportunity to learn from Modern Insurance and share that expertise with our growing partner network — all of which makes the entire Integrity platform stronger. I’m honoured to welcome Greg and his team to the Integrity family.”

Wilsonville, Oregon-based Modern Insurance offers a suite of Medicare products, along with employee benefit, life, and property and casualty insurance.

The deal is said to offer the firm access to Integrity’s centralised business functions, covering compliance, accounting, human resources, IT, legal as well as a full-service marketing and advertising firm.

Osborne noted: “The service we provide clients is what differentiates our business, and as an Integrity partner we get to keep our focus on those relationships while Integrity’s technology and partner support help us with the business side. I can also collaborate and have a voice with respected professionals in the Integrity partner network who share a common goal of helping more people.”

The latest deal continues Integrity Marketing Group’s growth trajectory. Earlier this month, the firm acquired Access Capital Group, a financing company for insurance agents and agencies.

Last month, the firm bought brokerage general agency Advisors Insurance Brokers.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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