Acrisure expands global footprint, enters major European market via M&A
Global insurance broker Acrisure has expanded into Spain through M&A, adding another major European market to its portfolio of existing operations in Italy, the Netherlands, Switzerland and the UK.
The company has acquired Spain’s Summa Insurance Brokerage, which offers a wide array of tech-driven financial services solutions in areas of insurance, reinsurance, asset management, real estate and cyber services.
The acquisition of Summa is Acrisure’s first expansion into the Spanish brokerage market.
Since its founding in 2005, Summa has grown revenues to over €11.5 million and expanded its offices and franchises throughout Spain.
“Summa has an impressive track record displaying strong growth over the last several years while solidifying their position as a top insurance broker in Spain,” said Greg Williams (pictured), co-founder, CEO and president of Acrisure. “Summa’s exceptional team and their particular focus on training insurance experts with multidisciplinary skills makes for a strong combination as we continue our geographical expansion.”
Jason Howard, president of Acrisure International, added: “As we continue to look for ways to strategically expand our global presence, marrying the expertise of Summa in one of Europe’s key markets with the vast technological resources of Acrisure, brings a great opportunity for us to meet our common goals.”
“The partnership with Acrisure will be immensely valuable to us as we integrate their tech-driven approach and capabilities into our operations,” said Jose Antonio Vargas Gonzalez, Summa’s President and CEO. “This will allow us to rapidly accelerate our growth in Spain and offer clients a robust suite of solutions.”
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