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 three Colorado-based insurance agencies—1st American Insurance, Alliance Insurance Services, and The Banks Agency.
These transactions were closed on July 7, 2023 and established Evertree’s presence in the Mountain Region. Founded in September 2022, Evertree has grown to over 100 employees, acquired seven independent agencies across the U.S., and established a Midwest, Mountain, and Mid-Atlantic regional footprint to cater to the needs of clients in each geographic area.
“Evertree’s unique value proposition across technology, partnerships, and culture made these acquisitions a perfect fit for all three firms,” said Steven Pierce, founder of 1st American Insurance, and newly appointed Head of Mountain Region for Evertree. “We could not be more excited to help continue to build the national expansion of the Evertree platform.”
BFKN's legal team was led by partners James R. Whitney and Robert J. Morrow and associates Victoria Rusanova Cordiak and Will Cronin. Associate Megan E. Toal counseled Evertree with respect to tax matters and partners Andrew K. Strimaitis, Michael J. Poland and associate Alex Freund provided guidance on employee benefits-related issues. Associate Corwin J. Carr counseled with respect to employment issues.
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