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Tangram Insurance Services Acquires New Empire Entertainment Insurance

Aug 09, 2022•almost 3 years ago

Acquiring Company

Tangram Insurance Services

Acquired Company

New Empire Entertainment Insurance

PetalumaInsurance

Description

Tangram Insurance Services, Inc. ("Tangram"), one of the largest independent managing general underwriters and program managers in the United States, acquired Los Angeles-based New Empire Entertainment Insurance effective August 1, 2022.

Company Information

Company

Tangram Insurance Services

Location

Us 140 2Nd Street

Petaluma, California, United States

About

Tangram is a full service MGA. We underwrite and manage niche programs on behalf of A rated carriers. For over a decade, the Tangram team has brought expertise in building traditional and alternative risk programs. Whether it's accessing an existing program or building a new one for your agency, find out what Tangram can offer you.

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