Britely Insurance – an insurtech which leverages its proprietary platform to help clients select the right insurance quotes – has entered into an agreement to acquire Empire State Brokerage Services, a full-service wholesale insurance broker based in New York.
The transaction is expected to close sometime in July this year.
Operating in over 25 states, Empire State Brokerage Services specializes in securing insurance solutions for the restaurant, contractor, healthcare, real estate, and non-profit industries. It also serves specialty industries such as daycare facilities, hotels, convenience stores, community associations, personal enrichment schools, gyms and fitness centers, as well as lumber and logging crews.
“We are very pleased to announce this exciting acquisition,” said Britely Insurance CEO Greg Roper. “In addition to outstanding market access, Empire brings a team with a wealth of experience proven over decades in the complex world of commercial insurance underwriting.”
“I am excited to bring my 15 years of underwriting experience and our relationships with the industry’s leading domestic, admitted and non-admitted insurance companies, as well as Lloyd’s of London, to Britely’s arsenal,” added Empire State Brokerage Services president David Schepsman.
The acquired Empire State Brokerage’s specialization in healthcare is notable, as Britely Insurance is the parent company of Britely Medical Insurance Services, which offers specialized insurance products and services to the medical community.