Site helped Eagle American Insurance Agency Acquire Texas base ASAP Insurance
Eagle American Insurance Agency (EAI) of Longwood, FL, is pleased to announce the acquisition of ASAP Insurance which operates four (4) locations in the greater Houston, Texas area. The transaction closed on June 1, 2015. ASAP has provided high quality, low cost coverage and service for its commercial and personal lines customers in its Houston, Katy, Humble and Airline locations since it was founded in 1995. ASAP founder and President Ursula Delgado has guided double digit growth for the past 5 years by her sales principles, her commitment to her employees and above all, serving her customers well. The two parties to the transaction were brought together thanks to the resource site AgencyEquity, which helped the buyer and seller find each other.
“We are fortunate and extremely happy to have such a successful and dynamic leader as Ursula Delgado bring her team and join Eagle American. We look forward to doing great things in Texas together”, said Wes Scovanner, CEO of Eagle American.
As part of the Eagle American family of companies, ASAP will be positioned to expand its carrier portfolio of offerings, giving the clients of ASAP a broader choice of coverages and values. ASAP will continue to offer its services under the ASAP brand giving the same personal attention and level of service, with backing of the national services from EAI and its affiliated organization, Insurance Office of America (IOA).
The transaction was made possible through their AgencyEquity membership, which gave them access to connect with those who are seeking to sell their insurance agency. The membership has allowed them to reach out to those who had listed their agency for sale and eventually landing this deal. Eagle American continues to actively acquire insurance agencies and AgencyEquity is continuously used as a resource to help make that happen.
Eagle American Insurance Agency was founded in September of 2012 when IOA and Eagle partnered with Dowling Capital Partners to take EA to the next level. Eagle now operates out of 16 locations spanning in Florida, Georgia, New Jersey, California and Texas. IOA is the 27th largest insurance agency and 11th largest privately- held broker in the US operating over 40 locations. Based in Farmington, Ct., DCP brings over 100 years of collective senior level insurance experience to its equity capital fund and partners.