Dallas insurance distributor gets $1.2 billion investment to accelerate growth

North Texas overall health and lifestyle insurance policies distributor Integrity Internet marketing Team is getting an conclusion-of-year funds injection of $1.2 billion.

The expenditure declared on Thursday provides Silver Lake, a world chief in tech investing, a minority stake in Dallas-based Integrity.

Integrity’s founders, administration and employees will continue to be greater part shareholders of Integrity. New York-based mostly private equity organization Harvest Partners will remain the major institutional trader, and Palo Alto, Calif.-based mid-marketplace private fairness firm HGGC will continue to be a important investor.

Integrity, which phone calls by itself the nation’s top impartial distributor of wellbeing and existence insurance goods, expects to create $7 billion in coverage revenue this year. By the conclude of the calendar year, it anticipates hitting extra than $20 billion of property under administration and advisement by its RIA and broker-seller platforms.

Its far more than 125 companions involve American Group Insurance policies and Roberts Alliance, both headquartered in Dallas.

Integrity has practically 5,500 employees, with about 300 in Dallas. It makes use of facts from the a lot more than 420,000 agents and advisers it operates with and its a lot more than 10 million yearly clientele to forecast wants, according to its internet site.

Launched in 2006, Integrity has grown via buying up increasing insurance coverage promoting teams. In 2020, it had 40 acquisitions. Its newest acquisition in mid-November was Brokers Clearing Dwelling, a main brokerage typical agency centered in Des Moines, Iowa.

“The sum of data and distribution capabilities that Integrity has assembled in their omnichannel tactic is as opposed to anything in the marketplace nowadays,” Adam Karol, running director at Silver Lake, reported in a assertion.

Silver Lake, with places of work in North The united states, Europe and Asia, is known for employing details and analytics to support tech-driven providers get to the upcoming amount, explained Steve Carlson, spouse at Harvest Partners, in the announcement.

In June, Integrity moved its headquarters to a 100,000-square-foot space in the Fountain Position tower on Ross Avenue to accommodate its advancement. Formerly, its head places of work were in the Cypress Waters development.

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