UniFi Group, a privately held service organization, has acquired a controlling interest in National Flood Services from Peak6 Investments. Going forward, Peak6 will retain a minority stake in the new partnership.
National Flood Services works with insurance providers to protect homeowners from the costs related to flood damage. The firm supports a network of over 85,000 active flood agents that oversee a $1.4 billion national flood insurance program premiums annually.
“Since the acquisition of NFS in 2018, we have been intently focused on developing the premier technology platform serving the flood insurance space,” said Deb Franklin, co-CEO of PEAK6 InsurTech. “With our successful launch of Trident in 2020, we believe we have accomplished that. This transaction will take NFS to the next level of growth, with NFS benefiting from UniFi’s network and services.”