Resurgens Technology Partners, a software-focused private equity firm, has invested in AgencyBloc Inc., an agency management system provider for independent insurance agencies.
“Our clients are at the forefront of every decision at AgencyBloc, and we continuously improve our platform to better serve their interests. We are very excited to partner with Resurgens in support of our mission,” commented AgencyBloc Co-Founder and CEO Adam Lewis. “This partnership will allow AgencyBloc to further invest in the business, develop additional solutions that will improve our clients’ performance and enhance the way we serve our clients.”
“Partnering with Resurgens will help bring about the next phase of growth and innovation for AgencyBloc,” said co-founder and CTO Cory Schmidt. “We knew from the get-go—and it has been repeatedly confirmed—that Resurgens has the same ethos and vision and will be a great partner for the future of the company.”
“Adam and Cory—along with the entire AgencyBloc team—have built a great company and have become a significant player in the fast-growing market for insurance software,” commented Resurgens managing director Fred Sturgis. “We expect to see agencies continue to leverage technology to improve efficiencies, which represents a remarkable opportunity for AgencyBloc. We are excited to partner with the team to continue to build on the company’s leadership position.”
This investment marks Resurgens’ seventh platform investment and thirteenth acquisition, continuing to expand on the firm’s mission of partnering with lower middle-market application and IT/infrastructure software businesses.
Morgan Partners acted as exclusive financial advisor to AgencyBloc.