Investment agency companions with insurance coverage brokerage platform Tropolis

Unity Partners 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 targeted on buying unbiased insurance coverage brokerage companies that present property and casualty (P&C) and worker advantages options. Its aim is to construct a platform that permits accomplice companies to learn from elevated scale, shared assets and new progress alternatives.

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

“After quickly aligning on a shared vision of partnering to evaluate attractive growth opportunities in the insurance brokerage market, we’re excited about Unity’s abilities to help us execute on this strategy,” mentioned Mason. “We anticipate the partnership will open new avenues for brokerages to accelerate growth through technology and shared resources, while creating ownership opportunities for their employees.”

A press launch from Unity Partners mentioned the partnership signifies its transfer into the “resilient and highly fragmented” US insurance coverage brokerage market, which is estimated to be a $146 billion trade.

“This partnership is a great example of our ‘Partner & Propel’ strategy, as we see a prime opportunity to bring on additional expertise and resources to Tropolis,” mentioned John Block, CEO and co-founder of Unity Partners. “We’re confident that Jeff and the Tropolis team are the ideal partners to execute strategic M&A. We’ve been actively collaborating with them to build a pipeline of strong partner agencies that will help realize our goal of building an industry-leading platform.”

Employee possession is a key element of Unity Partners’ method to platform investments. In line with this ethos, Tropolis will introduce a Purpose Plan, designed to permit workers of accomplice companies to share in its monetary success and capital occasions.

“With my experience in this sector, I’ve seen the impact that technology can have on businesses across the insurance industry,” mentioned Bryan W. Adams, co-founder and chairman of Unity Partners, and CEO of Integrity Marketing Group. “The Tropolis platform and data-first approach will be a significant enhancement for smaller agencies, and we’re thrilled to see the value that they can bring to partner agencies to help streamline operations and accelerate growth.”

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

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