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Resource Pro Acquires Florida-Based Mis Insurance Services

Oct 17, 2022almost 3 years ago

Acquiring Company

ReSource Pro

Acquired Company

MIS Insurance Services

New YorkConsulting

Description

End-to-end service and technology provider adds to global company’s broad range of operational and strategic solutions for insurance organizations

Company Information

Company

ReSource Pro

Location

New York, New York, United States

About

ReSource Pro is an insurance-focused business solutions company that integrates people, process, technology, and data analytics. Over 1,000 carriers, brokers, and MGAs rely on ReSource Pro to execute strategies that improve profitability, accelerate growth, deliver improved outcomes, and enhance client and employee experience. With more than 6,000 employees globally, ReSource Pro provides business process management, strategic advisory services, management, digital and organic growth consulting, training, and compliance solutions around the clock. ReSource Pro has been listed as one of the Inc. 5000 Fastest Growing Private Companies annually since 2009 and has consistently achieved a +96% retention rate for over a decade. For more information, please visit http://www.resourcepro.com.

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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