Overview
BFKN’s Corporate & Securities Group served as legal counsel to Evertree Insurance Services, LLC, a subsidiary of Evertree Insurance LLC ("Evertree"), an emerging, tech-enabled independent insurance brokerage, in its acquisitions of Alex Johnson Insurance Agency and State of Art Insurance Agency. Both transactions closed on July 1, 2023, and created Evertree's presence in the Mid-Atlantic Region.
Evertree has grown to over 100 employees since its inception in September 2022. It has recently acquired four independent agencies across the U.S., and created a Midwest and Mid-Atlantic regional footprint to facilitate the needs of clients in each geographic area. BFKN served as legal counsel to Evertree in connection with all of its acquisitions to date.
"Our growth strategy is driven by strong cultural alignment around our mission of improving the way insurance is sold and serviced, while creating jobs and positively impacting the communities we serve," said Daniel Romero, Head of Mergers & Acquisitions at Evertree. "Both these agencies are growth and tech-forward businesses enabling us to reach new communities with their ability to transact in Farsi, Spanish and English. We are all very excited to welcome them to our team."
BFKN's legal team was led by partner James R. Whitney and associates Victoria Rusanova Cordiak and Will Cronin. Associate Megan E. Toal counseled Evertree with respect to tax matters and partner Michael J. Poland and associate Alex Freund provided guidance on employee benefits-related issues.
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