Jacksonville-based Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state network writing $270 million in annual premium.
GlobalGreen is headquartered in Chesterfield, Missouri, and has affiliate operations across the country. Jeffrey Wilson is CEO and Ray Spears is chairman.
“In addition to sophisticated technology to help franchise owners grow, Brightway offers our agents unrivaled operational support including producer recruiting, marketing, sales coaching and much more,” Spears said in a news release.
Terms of the deal were not disclosed, but the combined company will have more than $1.7 billion in annual written premium, Brightway’s announcement indicates.
Brightway was founded in 2008 and now has franchise agencies in 45 states. The company promises a distribution platform that helps member agents grow rapidly.
Topics Mergers & Acquisitions
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