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Renaissance Acquires Business Of Agency Partners Inc. (Api) To Deliver Alabama, Georgia Agencies Valued Resources

Oct 05, 2023•almost 2 years ago

Acquiring Company

Renaissance

Acquired Company

API

VancouverUnited KingdomMusic

Description

Renaissance Alliance, the premier network of independent insurance agencies, has acquired the agency network business of Agency Partners Inc. (API), an agency cluster with members in Alabama and Georgia, to provide Renaissance’s full suite of resources to API members.

Company Information

Company

Renaissance

Location

Vancouver, British Columbia, Canada

About

Renaissance is one of the most recognised and trusted brands in K-12 education serving more than 40 per cent of US schools and more than 16 million students worldwide. We’re thrilled to join with Francisco Partners to support the continued expansion of the business as educators increasingly leverage technology to provide students with personalised learning solutions.”Jason Brein, Partner at Francisco Partners, and Alan Ni, Principal at Francisco Partners, says: “As a leading K-12 edtech software platform, Renaissance is at the forefront of developing innovative solutions that offer new ways to teach and learn across remote, hybrid, and in-person classrooms.

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

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