M4I gets Navigant investment and acquires Reilly Insurance
By Navneeta Nandan
Aug 13 - (The Insurer) - Southeast-based independent insurance broker Marketplace 4 Insurance (M4I) has acquired Maryland-based independent insurance agency Reilly Insurance Agency and received a significant growth investment from investment firm Navigant Capital Partners.
The financial terms of the acquisition or the amount of investment was not disclosed.
The investment will help M4I to continue its M&A, which includes eight fully integrated acquisitions since the company's inception in 2019, Navigant said in its announcement.
M4I's founders and management, including CEO Jerad Kirk and Chief Development Officer Adam Herrig, will continue to lead the company.
The acquisition of Reilly Insurance is in partnership with its founder Richard Reilly, who will continue to lead the operations and remain a significant shareholder.
Reilly Insurance expands M4I's footprint and provides a foundation for further expansion in the Mid-Atlantic.
M4I is an insurance brokerage platform founded in 2019 by Jerad Kirk and Adam Herring.
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