Acrisure Acquires B2Z Insurance

On 9/19/2022, Acrisure, LLC (“Acrisure”) announced its acquisition of B2Z Insurance, Inc. (“B2Z”)

• Terms of the transaction were not disclosed

B2Z is a digitally native company that helps business owners obtain custom insurance coverage in minutes

• Founded by Kuldeep Malik during the COVID-19 pandemic
• Uses third party data & analytics to help business owners answer time consuming insurance application questions
• Clients can obtain quotes, purchase personalized coverage and review their coverage by phone, text or chat

The acquisition of B2Z strengthens Acricure’s digital offering

• Ability to provide a more holistic suite of solutions to solve the various insurance needs of its customers
• Augments and enhances Acrisure’s digital fulfillment capabilities and customer experience on a bigger scale

Acrisure is a leading Fintech and insurance brokerage firm

• Specializes in intelligence-driven financial services, providing a broad array of products including:
  • Insurance, Real Estate Services, Cyber Services, and Asset & Wealth Management
• Has grown revenue from $38mm to nearly $4bn in just over eight years with locations throughout the world

TCMA acted as exclusive financial advisor to B2Z; key roles and responsibilities included:

• Advised on negotiating key transaction terms and conditions including ultimate deal structure
• Created detailed financial and valuation analysis for the B2Z management team in support of the transaction
• Managed an organized an efficient due diligence process
• Provided objective advice and acted as a confidant to B2Z throughout the process