Funding agency companions with insurance coverage brokerage platform Tropolis

Unity Companions LP, a principles-based center market funding agency, has introduced a strategic partnership and collaboration with insurance coverage brokerage platform Tropolis.

Headquartered in Ann Arbor, Michigan, Tropolis is concentrated on buying unbiased insurance coverage brokerage corporations that present property and casualty (P&C) and worker advantages options. Its purpose is to construct a platform that enables companion businesses to learn from elevated scale, shared sources and new development alternatives.

Tropolis is led by co-founders Jeff Mason, Jim Ryans, and Ben Calnin. Mason, who serves as its CEO, beforehand established insurance coverage know-how platform Groundspeed Analytics.

“After shortly aligning on a shared imaginative and prescient of partnering to judge enticing development alternatives within the insurance coverage brokerage market, we’re enthusiastic about Unity’s skills to assist us execute on this technique,” stated Mason. “We anticipate the partnership will open new avenues for brokerages to speed up development by know-how and shared sources, whereas creating possession alternatives for his or her staff.”

A press launch from Unity Companions stated the partnership signifies its transfer into the “resilient and extremely fragmented” US insurance coverage brokerage market, which is estimated to be a $146 billion {industry}.

“This partnership is a good instance of our ‘Associate & Propel’ technique, as we see a major alternative to convey on further experience and sources to Tropolis,” stated John Block, CEO and co-founder of Unity Companions. “We’re assured that Jeff and the Tropolis workforce are the best companions to execute strategic M&A. We’ve been actively collaborating with them to construct a pipeline of robust companion businesses that can assist understand our purpose of constructing an industry-leading platform.”

Worker possession is a key part of Unity Companions’ strategy to platform investments. According to this ethos, Tropolis will introduce a Goal Plan, designed to permit staff of companion businesses to share in its monetary success and capital occasions.

“With my expertise on this sector, I’ve seen the affect that know-how can have on companies throughout the insurance coverage {industry},” stated Bryan W. Adams, co-founder and chairman of Unity Companions, and CEO of Integrity Advertising and marketing Group. “The Tropolis platform and data-first strategy shall be a big enhancement for smaller businesses, and we’re thrilled to see the worth that they’ll convey to companion businesses to assist streamline operations and speed up development.”

Tropolis is the third strategic partnership that Unity Companions has entered into in 2023, following its investments in NDH and Poolie.

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