Next Insurance’s Acquisition of AP Intego

McDermott Will & Emery represented AP Intego in the transaction, while Shearman & Sterling advised Next Insurance.

AP Intego completed the sale of its business to Next Insurance, one of the leading digital insurtech companies transforming small business insurance.

The deal doubles the size of Next Insurance’s business and adds 160 team members, over 75,000 small business customers and a leading partner network with access to over 10 million small businesses.

As part of the agreement, AP Intego will retain its partnerships with leading US small business insurance carriers and its focus will remain on delivering choice, the right coverage and competitive pricing to its partners and their small business customers.

AP Intego is a digital insurance agency and one of the nation’s fastest growing insurtech companies providing a suite of small commercial insurance products to some of the largest small business software ecosystems in the US, including Intuit, Gusto, Square and Toast.

The McDermott team for AP Intego was led by Michael Halsband (Picture), Christopher Stacker and Marisa Young with support from Mike Byrne, Aileen Cordero, Matt Evola, Sandra Ghobraiel, Edward (Jed) Gordon, Gregory Heltzer, Jeffrey Holdvogt, Usama Ibrahim, John Lutz, Terence McAllister, Brian Mead, Sam Neel, Niraj Patel, Amy Pimentel, Reese Poncia, Justin Sia, Heidi Steele, Richard Tsay and Zach Zhou.

Shearman & Sterling advised Next Insurance with Daniel Mitz, J. Russel Denton, Jae H. Kim, Montana Ware, Brian Dillavou, Doreen E. Lilienfeld, Larry Crouch, Emma Maconick, Ben Gris, Jonathan Cheng, Marc Elzweig, Austin Jones, and Natali De Corso.

Involved fees earner: Michael Byrne – McDermott Will & Emery; Aileen Cordero – McDermott Will & Emery; Matt Evola – McDermott Will & Emery; Sandra Ghobraiel – McDermott Will & Emery; Edward Gordon – McDermott Will & Emery; Michael Halsband – McDermott Will & Emery; Gregory Heltzer – McDermott Will & Emery; Jeffrey Holdvogt – McDermott Will & Emery; Usama Ibrahim – McDermott Will & Emery; John Lutz – McDermott Will & Emery; Terence McAllister – McDermott Will & Emery; Brian Mead – McDermott Will & Emery; Sam Neel – McDermott Will & Emery; Niraj Patel – McDermott Will & Emery; Amy Pimentel – McDermott Will & Emery; Marisa Poncia – McDermott Will & Emery; Justin Ian Sia – McDermott Will & Emery; Christopher Stacker – McDermott Will & Emery; Heidi Steele – McDermott Will & Emery; Richard Tsay – McDermott Will & Emery; Marisa Young – McDermott Will & Emery; Jonathan Cheng – Shearman & Sterling; Larry Crouch – Shearman & Sterling; Natali De Corso – Shearman & Sterling; J. Russel Denton – Shearman & Sterling; Brian Dillavou – Shearman & Sterling; Marc Elzweig – Shearman & Sterling; Ben Gris – Shearman & Sterling; Austin Jones – Shearman & Sterling; Jae Kim – Shearman & Sterling; Doreen Lilienfeld – Shearman & Sterling; Emma Maconick – Shearman & Sterling; Daniel Mitz – Shearman & Sterling; Montana Ware – Shearman & Sterling;

Law Firms: McDermott Will & Emery; Shearman & Sterling;

Clients: AP Intego; Next Insurance Services Inc;

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Martina Bellini

Author: Martina Bellini