Inszone Insurance Services Receives Strategic Investment to Drive Next Phase of Growth

Inszone Insurance Services, LLC, a leading insurance brokerage firm in the U.S., has announced a strategic investment from Lightyear Capital LLC. The New York-based private equity firm will join Inszone's current investor, BHMS Investments, as a co-lead investor to accelerate the company's growth.

Inszone offers a wide range of property & casualty insurance and employee benefits solutions. With a fully integrated and data-enabled platform, the company has experienced impressive growth since its inception in 2002. Through a combination of organic initiatives and acquisitions, Inszone has become one of the fastest-growing insurance brokerages in the country. In fact, they have completed and integrated an impressive 98 acquisitions since September 2020.

The strategic investment from Lightyear Capital and BHMS Investments will provide Inszone with the capital needed to fuel its next phase of expansion. This investment will allow the company to further enhance its capabilities, broaden its market reach, and continue providing exceptional service to its clients.

Chris Walters, the CEO of Inszone, expressed his excitement about the partnership with Lightyear and the continued support from BHMS Investments. He believes that the expertise and resources brought by Lightyear will greatly contribute to the company's growth. Walters also acknowledged the significant role BHMS has played in Inszone's development and expressed gratitude for their ongoing partnership.

Mark Vassallo, the Managing Partner at Lightyear, expressed his enthusiasm about welcoming Inszone into their portfolio. He commended the management team for building a successful and highly acquisitive insurance brokerage platform. Vassallo looks forward to partnering with Inszone and BHMS to further scale the business.

Kevin Angelis, the Managing Partner at BHMS Investments, echoed Vassallo's sentiments. He emphasized that Inszone is a remarkable business in an attractive sector and expressed gratitude for the opportunity to continue partnering with the company's management team. Angelis also welcomed Lightyear Capital as a co-lead investor, highlighting the potential for a fruitful collaboration.

Upon the completion of the transaction, Martin Sullivan, an Operating Partner at Lightyear and former CEO of AIG, will join the Inszone Board of Managers. Sullivan's extensive experience in the insurance industry will undoubtedly contribute to the company's strategic direction and growth trajectory.

The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals. Legal counsel for BHMS and Inszone was provided by Sidley Austin LLP, while Davis Polk & Wardwell LLP and Locke Lord LLP served as legal counsel for Lightyear.

Inszone Insurance Services, with its headquarters in Sacramento, California, currently operates across 15 states, including California, Arizona, Colorado, Idaho, Illinois, Kansas, Michigan, Missouri, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. With 63 locations and a dedicated team of 512 employees, the company is well-positioned to expand its footprint throughout the United States.

Lightyear Capital, with over 20 years of experience, is a private equity firm focused on partnering with growing companies in the financial services and technology, healthcare, and business services sectors. With assets under management of $4.1 billion, Lightyear has a proven track record of accelerating growth and building market-leading businesses.

BHMS Investments is a private investment firm focused on the North American middle market. With a wide range of investment opportunities, BHMS specializes in industries where it has deep experience and relationships, including business and insurance services.

The strategic investment from Lightyear Capital and BHMS Investments is a significant milestone for Inszone Insurance Services. With their continued support, the company is well-positioned to further strengthen its market position, expand its reach, and provide innovative insurance solutions to clients across the country.