Inszone continues California M&A spree

Plans for further deals also announced

Inszone continues California M&A spree

Mergers & Acquisitions

By Mika Pangilinan

Inszone Insurance Services has announced the acquisition of Desert Cornerstone Insurance Services, another California-based agency.

Desert Cornerstone Insurance Services offers a diverse portfolio of insurance products to businesses, including construction, retail, healthcare, legal, and non-profit sectors. It also provides health and life benefits, as well as home and personal auto insurance.

The agency has been operating in the Coachella Valley since it was established in 2006, working with a bilingual team that extends its services to the Latino and Latina communities in the region. Owner Matthew J. List has similarly fostered strong business ties within the area, having contributed to several non-profit boards throughout his career.

“We are delighted to welcome Desert Cornerstone Insurance,” said Inszone CEO Chris Walters. “Matt and his team have a deep understanding of the local community's insurance needs, and their service commitment aligns perfectly with our values at Inszone.”

As the deal takes effect, Desert Cornerstone Insurance Services clients are told to expect a seamless transition and continued service bolstered by resources available under the Inszone brand.

Inszone’s acquisition is the latest in a string of deals that sees the full-service brokerage expanding its presence in California, where its headquarters are currently located.

The company recently announced the acquisition of Nugen and Associates, followed by Quail Ridge Insurance Services just a week later. It also acquired Starline Insurance Group and Citizens General Insurance Brokers.

In addition to California, Inszone has a presence in Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois. It said in a press release that it will continue to expand nationwide with the announcement of additional acquisitions in the coming months.

In May, Inszone revealed that it had set a company record by completing six M&A deals within a single week.

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