Milestone Partners acquired specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated technology platform, Adaptive Information Technologies, LLC (“AIT”).
GoAuto calls itself a tech-focused, vertically integrated personal auto insurance platform providing low-limit policies through its managing general agent and insurance carrier subsidiaries.
GoAuto is the third largest personal auto insurer in Louisiana with growing operations in Texas, Nevada and Ohio.
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of middle-market businesses.
Source: Milestone Partners
Topics Mergers & Acquisitions Louisiana
Was this article valuable?
Here are more articles you may enjoy.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
UK Payments Firm Moved Billions for Risky Clients Before FCA Seizure 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
KPMG Australia Scandal Widens After it Confirms Optus Data Was Misused 
