Smith & Company Insurance Acquired by Inszone | Financial Services M&A Deal

Inszone has completed the acquisition of Smith & Company Insurance, a insurance brokerage business in Arkansas, for $30M. Inszone acquisitions add a long-established agency with roots dating to 1904, serving local commercial clients through aviation insurance and commercial agriculture coverage. Smith & Company Insurance also writes policies for multiple banks across the AR market, supporting regional financial services relationships. The add on acquisition is part of financial services M&A and AR acquisitions, with Inszone acting as a strategic buyer to expand its footprint. The announced deal is sized at $25M–$50M and is expected to close following standard regulatory and customary transaction steps.