VRA Advises Squaremouth on its Sale to Specialty Program Group, a subsidiary of Hub International
VRA is pleased to announce that Squaremouth, LLC ("Squaremouth" or the "Company") has completed a strategic sale to Specialty Program Group, LLC ("SPG"), a subsidiary of Hub International Limited ("Hub"). VRA acted as the exclusive financial advisor to Squaremouth. Terms of the transaction were not disclosed.
"We could not be happier with the outcome that VRA helped us achieve," said Squaremouth Co-Founder & CTO, Matt Outten. "The VRA team's expertise, thoughtfulness and consistent dedication was critical in helping us navigate the transaction process and find the right partner to support Squaremouth's next phase of growth."
Squaremouth is a leading provider of travel insurance products and services to the consumer market. The Company's platform offers the travel industry's most comprehensive travel insurance marketplace and includes its own branded private label travel insurance products. Squaremouth has built a trusted name in the travel insurance industry through its transparent and competitive coverage options and has insured over 3 million consumers.
SPG and Squaremouth will work together to transform the insurance marketplace through ecommerce and digital technology. "Squaremouth is a growing industry leader when it comes to the use, convenience and efficiency of its digital travel insurance platform. Clients can get a quote, compare rates and purchase their coverage online and receive their policy immediately. This aligns perfectly with our strategy to accelerate the scale and depth of our digital capabilities to keep pace with our clients' boundaryless needs," said SPG President & CEO Christopher Treanor.
"We've gotten to know Co-Founders Chris Harvey and Matt Outten and the Squaremouth management team incredibly well over the past few years," said VRA Managing Director, Doug McCartney. "The Company's resiliency through the COVID-19 pandemic speaks to the strength and perseverance of the management team and iconic Squaremouth brand. We are not only excited to see what Squaremouth and SPG can achieve in partnership, but also for the lasting friendships we formed throughout the transaction process."
could not be happier with the outcome that VRA helped us achieve. The
VRA team's expertise, thoughtfulness and consistent dedication was critical in
helping us navigate the transaction process and find the right partner to
support Squaremouth's next phase of growth.
Interested in learning more?
Chris Reilly, Director - Originations