Everberg Capital facilitated Milestone Partners' acquisition of GoAuto, a tech-focused auto insurance platform, by providing senior term loan and preferred equity financing.
Information on the Target
GoAuto, established in 2009 and headquartered in Baton Rouge, Louisiana, is a technology-driven, vertically-integrated personal auto insurance platform. The company offers low-limit insurance policies through its managing general agent and insurance carrier subsidiaries, positioning itself as a unique player in the auto insurance market.
With a focus on delivering accessible and affordable auto insurance solutions, GoAuto leverages technology to optimize its services and improve customer experience. This innovative approach allows the company to cater to various customer needs while maintaining efficient operational practices.
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Industry Overview in the United States
The auto insurance industry in the United States is a significant sector, valued at over $300 billion annually. It encompasses a wide range of services and products, including personal auto insurance pol
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Milestone Partners
invested in
GoAuto
in 2024
in a Management Buyout / Buy-In (MBO) deal