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Heffernan Insurance Brokers Entity Acquires Achieve Alpha Insurance

Jan 23, 2024•over 1 year ago

Acquiring Company

PAC Global Insurance Brokerage

Acquired Company

Achieve Alpha Insurance

Walnut CreekBellevueInsuranceInsurance

Description

Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, has strategically acquired Achieve Alpha Insurance located in Bellevue, Washington. This acquisition reinforces Heffernan's commitment to providing comprehensive insurance solutions and expands its presence in the Individual Health and Medicare markets.

Company Information

Company

PAC Global Insurance Brokerage

Location

Walnut Creek, California, United States

About

PAC Global Insurance Brokerage specializes in Marine Cargo insurance, supporting freight forwarders and import/export operations. It offers tailored coverage solutions to address unique risks associated with moving goods. The company focuses on client service and reducing exposure in the logistics insurance sector. Formally acquired by Heffernan Insurance Brokers, PAC Global now operates as a specialty practice.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed