Insurance Acquisitions in Montana
Montana Insurance Deals and Patterns
Montana-based insurance activity reflects a mix of agency consolidation and capability expansion. Buyers such as Hub International Limited, Inszone Insurance Services, Specialty Program Group LLC (SPG), UniFi Group, Marsh & McLennan Agency LLC (MMA), and Sedgwick appear across recent transactions centered on expanding local coverage and service depth in Montana, United States.
Across the listed deals, recurring themes include independent agency acquisitions into larger platforms, investments and add-ons around operational insurance workflows, and broader distribution or carrier access. Transactions range from full-service independent agencies joining regional operators to technology- and process-focused targets like flood insurance platforms and loss run software.
What Stands Out
- Hub International Limited (via Hub Mountain) acquired assets of Montana independent agencies, including Hobson and Libby-area operations, to expand commercial and personal insurance capabilities.
- K2 Insurance Services, LLC participated in Montana insurtech and services: an early-stage investment in loss run software and a majority stake in premium finance and billing solutions.
- UniFi Group pursued an insurance-technology + flood insurance platform approach by acquiring a controlling interest in National Flood Services (NFS), with PEAK6 InsurTech retaining a minority stake.
- Specialty focus appears in SPG’s acquisition of Proper Insurance, which offers short-term rental–tailored commercial policy solutions.
- Claims and adjusting coverage also show up: Sedgwick acquired Candau, Inc, a full-service claims adjusting firm serving Montana, Wyoming, and the Mountain West.
-
February 27, 2026
- Buyer
- Specialty Program Group LLC (SPG)
- Target
- Proper Insurance (Proper)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Specialty Program Group LLC (SPG) acquired Proper Insurance, a provider of insurance solutions tailored to short-term rental properties. Proper, founded in 2014 and based in Bozeman, Montana, offers a commercial policy designed to replace traditional homeowners or landlord coverage for hosts and professionally managed portfolios.
-
- Buyer
- Inszone Insurance Services
- Target
- Rocky Mountain Insurance Group, LLC
- Seller
- Gena Gaub
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Inszone Insurance Services has acquired Rocky Mountain Insurance Group, LLC, marking Inszone’s first expansion into Montana. The acquisition brings the benefits-focused agency founded by Gena Gaub into Inszone’s platform, enhancing Inszone’s benefits capabilities and providing Rocky Mountain’s clients access to broader carrier options and commercial/property lines.
-
- Buyer
- Hub International Limited
- Target
- Hobson Insurance (Cherokee Capital, Inc., d/b/a Hobson Insurance)
- Seller
- Cherokee Capital, Inc. (d/b/a Hobson Insurance)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Hub International Limited acquired the assets of Cherokee Capital, Inc., d/b/a Hobson Insurance, a full-service independent agency based in Hobson, Montana. The Hobson team, led by co-owners Kristy Longfellow and Misty Kriskovich, will join Hub Mountain to expand Hub's commercial and personal insurance capabilities in the region; terms were not disclosed.
-
- Buyer
- Hub International Limited, Hub Mountain (Hub division)
- Target
- Glacier Insurance of Libby, Inc.
- Seller
- Glacier Insurance of Libby, Inc. (owners Kevin Peck and Kim Peck)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Addon
Hub International Limited acquired the assets of Glacier Insurance of Libby, Inc., a full-service independent insurance agency based in Libby, Montana. The Glacier Insurance team, led by owners Kevin and Kim Peck, will join Hub Mountain to expand Hub’s commercial and personal insurance capabilities in the Mountain region; terms were not disclosed.
-
- Buyer
- UniFi Group
- Target
- National Flood Services (NFS)
- Seller
- PEAK6 InsurTech, PEAK6
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
UniFi Group has agreed to acquire a controlling interest in National Flood Services (NFS), with PEAK6 InsurTech retaining a minority stake in the new joint venture. The transaction is expected to close in the third quarter of 2022 and UniFi will combine its insurance-focused technology and BPO capabilities with NFS's flood insurance platform to expand services and capabilities in the flood insurance market.
-
September 28, 2021
- Buyer
- Sedgwick
- Target
- Candau, Inc
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Sedgwick has acquired Candau, Inc., a full-service claims adjusting firm serving Montana, Wyoming and the surrounding Mountain West region. The deal expands Sedgwick's automotive and heavy equipment appraisal and adjusting coverage in the Mountain West, broadening its adjuster network and local capabilities.
-
April 1, 2021
- Buyer
- Marsh & McLennan Agency LLC (MMA)
- Target
- PayneWest Insurance
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Marsh & McLennan Agency LLC (MMA), the middle-market agency subsidiary of Marsh, has acquired PayneWest Insurance, a Missoula, Montana-based independent insurance agency. PayneWest’s more than 700 employees and 26 regional offices will operate as MMA’s Northwest regional hub to expand MMA’s geographic footprint and capabilities in the Pacific Northwest.
-
- Buyer
- K2 Insurance Services, LLC
- Target
- Loss Run Pro, LLC
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Growth capital
K2 Insurance Services, LLC made an early-stage growth investment in Loss Run Pro, LLC, a Missoula, Montana–based insurtech that provides subscription software to request, track, and manage loss runs. K2 said the investment and its network of MGAs, carriers and brokers will help Loss Run Pro expand its carrier and broker distribution and accelerate product adoption.
-
- Buyer
- K2 Insurance Services, LLC
- Target
- Columbia Pacific Finance, LLC
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
K2 Insurance Services has acquired a majority stake in Columbia Pacific Finance (CPF), a Missoula, Montana–based premium finance and billing solutions provider for insurance agencies. The partnership will expand K2's product offerings and national footprint in premium financing and billing; CPF President Reghan Brandt will continue to lead day-to-day operations.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.
Frequently Asked Questions
Which buyers are most active in Montana insurance acquisitions here?
Recurring names include Hub International Limited (and Hub Mountain), Inszone Insurance Services, UniFi Group, K2 Insurance Services, LLC, Marsh & McLennan Agency LLC (MMA), Specialty Program Group LLC (SPG), and Sedgwick.
What types of targets are being acquired in these Montana deals?
The transactions cover full-service independent agencies, insurance-adjacent technology and workflow tools (e.g., loss run software), premium finance/billing services, flood insurance platforms, and claims adjusting firms.
Are these deals limited to traditional agencies only?
No. Alongside agency acquisitions (such as Hobson and Libby-area targets acquired into Hub Mountain), there are also insurtech and services acquisitions, including UniFi Group/National Flood Services (NFS) and K2 Insurance Services investments and majority-stake deals.
Do the transactions mention undisclosed deal terms?
Some of the agency asset acquisitions by Hub International Limited note that terms were not disclosed.