California-headquartered Inszone Insurance Services has continued its hot streak of acquisitions with the purchase of Coastal Insurance Services in Florida and affiliated Optimal Insurance Solutions.
The acquisition marks Inszone’s first step into the Florida market, the company said in a news release. Coastal Insurance was founded in 2008 by Rolando Gonzalez. He later established Optimal Insurance in Illinois, and the two agencies were combined in 2024.
The agencies’ teams are likely to remain in place under the Inszone ownership, the companies said.
Inszone, founded in 2002, led the country with 17 merger and acquisition deals in the first quarter of this year, according to OPTIS Partners. Read more here. Last week, Inszone announced it also had acquired Smith & Co. Insurance in Arkansas, and James Vozar agency in Michigan.
Inszone offers commercial and personal insurance coverage, as well as benefits.
Also in Florida, Shepherd Insurance announced it is moving its office from Sarasota to Pendery Place in the Bradenton/Lakewood Ranch area.
The Sarasota office saw the coming together of five agencies over the past 13 years through acquisitions, making the Bradenton move a natural next step in the firm’s long-term growth plan for the Florida market, Shepherd leadership said.
Shepherd, one of the larger U.S. agency groups, has its headquarters in Indiana and now has seven Florida agency offices.
Topics
Mergers & Acquisitions
Florida
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