Compass Insurance Acquires IB Insurance
Written By: Michelle Peterson
In the world of independent insurance agencies, growth can be obtained organically or through acquisition. Each path brings renewed energy and benefits to the clients they serve.
Compass Insurance Services has excelled for years through organic growth as well as acquisition. In December of 2020, through a strategic acquisition, we nearly doubled our employee count. Talk about rapid growth!
Compass Insurance acquired the insurance subsidiary of IncredibleBank, IB Insurance. IB Insurance has locations in Marquette, MI, Ironwood, MI, Tomahawk, WI, Eagle River, WI, Minocqua, WI and Wausau, WI. Both Compass Insurance and IB Insurance have focused on creating exceptional customer experiences by building long lasting relationships with our clients. We believe providing unparalleled customer service is the foundation of our continued growth and success.
So, how will this acquisition benefit you? By combining the two companies, we have expanded our ability to provide more services, knowledge, and products to our clients. Both companies will continue to operate under our current brands as well as retain current employees. However, we will now have access to added resources, increasing the insurance options available to our clients.
Together, Compass Insurance and IB Insurance will remain dedicated to providing our clients protection with integrity.