Partners Advantage Insurance Services LLC

Riverside, California

Classification

Private

About

About

Partners Advantage Insurance Services is a comprehensive insurance service provider that caters to insurance professionals, including new producers, seasoned veterans, agency owners, and marketing organizations. Serving as a one-stop-shop for insurance, the company's primary goal is to help financial professionals and firms run more successful practices by offering access to a wide range of products. By connecting insurance professionals with a diverse customer base, Partners Advantage Insurance Services enables them to expand their reach and elevate their businesses. Partners Advantage Insurance Services offers an extensive product line that encompasses various insurance categories and financial solutions. The company provides insurance professionals with access to the following product offerings: Life Insurance: Partners Advantage Insurance Services offers a comprehensive selection of life insurance policies, including term life insurance, whole life insurance, universal life insurance, and indexed universal life insurance. These products provide individuals with financial protection and help them build wealth and plan for the future. Annuities: The company offers a range of annuity products, such as fixed annuities, indexed annuities, and variable annuities. Annuities provide individuals with a steady income stream during retirement and serve as a long-term investment option. Long-Term Care Insurance: Partners Advantage Insurance Services provides long-term care insurance solutions to address the costs associated with extended medical care, nursing homes, and assisted living facilities. These products help individuals protect their assets and maintain their quality of life in case of illness or disability. Disability Insurance: The company offers disability insurance policies that provide income replacement in the event of a disability or injury that prevents individuals from working. These policies offer financial security and protect against the loss of income. Partners Advantage Insurance Services' strategy revolves around being a comprehensive solution provider for insurance professionals. The company aims to support financial professionals and firms in running successful practices by offering a wide range of insurance products. By providing access to a diverse product portfolio, Partners Advantage Insurance Services enables insurance professionals to connect with more customers, expand their businesses, and meet the evolving needs of their clients. Partners Advantage Insurance Services utilizes various sales and marketing strategies to reach its target audience of insurance professionals. The company focuses on building relationships with insurance agents and brokers through personalized consultations, training programs, and ongoing support. They also leverage digital marketing channels, such as their website and social media platforms, to provide information about their product offerings, industry insights, and educational resources. By combining personal engagement and digital marketing initiatives, Partners Advantage Insurance Services aims to establish itself as a trusted partner for insurance professionals. As an insurance service provider, Partners Advantage Insurance Services operates within the regulatory framework of the insurance industry. The company adheres to the guidelines and regulations set by relevant authorities, ensuring compliance with state and federal regulations. This includes licensing requirements for insurance agents and brokers, consumer protection laws, and compliance with industry standards. In the insurance industry, Partners Advantage Insurance Services faces competition from various players, including insurance carriers, other insurance service providers, and brokerages. These competitors may offer similar product lines and services to insurance professionals. To differentiate itself, Partners Advantage Insurance Services focuses on providing comprehensive support and a wide range of product options, along with personalized training and ongoing assistance for insurance professionals. By emphasizing its one-stop-shop approach and the value it brings to its clients, the company aims to differentiate itself from competitors.

Financials

Revenue & Profit

Revenue
Profit (N/A)

Valuation

Valuation

Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private

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