AP Intego

AP Intego  (represented by Hales Securities, LLC) has been aquired by  Next Insurance   -   March 2021

Dowling Hales acted as financial advisor to AP Intego in its agreement to be acquired by Next Insurance, Inc.  AP Intego is a leading digital insurance agency providing a suite of commercial insurance products to small businesses nationwide. The Company partners with hundreds of technology platforms, reaching a wide audience by embedding their choice-model within some of the largest small business software ecosystems such as Intuit, Gusto, Square and Toast. AP Intego will maintain and expand its digital choice-model through its combination with Next Insurance, a digital insurtech company focused on the transformation of small business insurance. The combination will drive collaboration and innovation between the two teams in efforts to create a one-stop-shop for the small business community. Co-Managing Directors Steven Hauck and Eric Harnden lead a highly productive team of over 160 AP Intego employees working from offices in Waltham, Massachusetts, Rochester, New York and other parts of the U.S. “This is a powerful combination and we are excited to become part of the Next Insurance team—a perfect match that accelerates our market leading embedded insurance offering through small business software providers,” said Steven Hauck. “Adding Next to our platform enhances the overall value proposition we are delivering our partners and their customers and allows us to truly innovate within small business insurance. In order to keep up with our partners’ insatiable appetite for a superb customer experience, Next provides us digital product flexibility for the benefit of both our partners and their customers. We’re thrilled about this new chapter in our history.” The AP Intego team will continue to operate in its current offices as a separately branded division of Next Insurance, with the same focus on delivering partners and their small business customers choice, the right coverage and competitive pricing across multiple insurance companies. McDermott Will & Emery LLP served as legal counsel to AP Intego.

Target Company

AP Intego

Acquirer Company

Next Insurance

Acquisition Date

March 2021

Sector

Insurance

Industry

Insurtech

Region

USA

State of Acquired

MA

Map

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