Overview
International law firm McDermott Will & Emery represented AP Intego in the sale of its business to Next Insurance, one of the leading digital insurtech companies transforming small business insurance. 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.
- This transaction was announced on March 3, 2021.
- McDermott Will & Emery acted as legal advisor to AP Intego.
- 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.
- The McDermott team was led by Michael Halsband, 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.
For more information, see Coverager article and Next Insurance announcement.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
