Milestone Partners acquired specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated technology platform, Adaptive Information Technologies, LLC (“AIT”).
GoAuto calls itself a tech-focused, vertically integrated personal auto insurance platform providing low-limit policies through its managing general agent and insurance carrier subsidiaries.
GoAuto is the third largest personal auto insurer in Louisiana with growing operations in Texas, Nevada and Ohio.
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of middle-market businesses.
Source: Milestone Partners
Topics Mergers & Acquisitions Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Preparing for an AI Native Future 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Experian Launches Insurance Marketplace App on ChatGPT 
