Goosehead Insurance, an independent personal lines insurance agency, has acquired more than 15,000 insurance policies for $55.5m in cash through a deal with Vivint Smart Home.
According to the announcement, this purchase will allow the company to accelerate growth and also provide significant benefits to existing Vivint insurance policyholders, which include Goosehead’s product breadth, distribution and technology.
Justin Ricketts, Executive Vice President, Technology and Partnerships at Goosehead Insurance, commented: “Goosehead has a great opportunity to accelerate Vivint’s momentum as the combination of our technology, product offerings, and exceptional agents offer the best experience. to the industrial client.
“Consumer education and an exceptional client experience are at the heart of what we do at Goosehead. We want to extend to our new clients a warm welcome to the Goosehead family and look forward to providing them with the best service and care industry.”
Existing Vivint insurance clients, in addition to the agency, will receive a great message providing information needed for a smooth transition to Goosehead Insurance.