
Growth Catalyst Partners Invests in HoneyQuote to Scale Coastal Insurance Platform
HoneyQuote, an AI-enabled insurance brokerage building the infrastructure for coastal insurance distribution, has partnered with private equity firm Growth Catalyst Partners (GCP) to accelerate its expansion across Florida and other coastal markets. The investment supports HoneyQuote's continued acquisitions and ongoing investment in its proprietary technology platform, which powers quoting, binding, and servicing workflows across more than 30 regional carriers. HoneyQuote has completed fifteen acquisitions since partnering with GCP, with additional deals in progress.
Exbo Group performed the financial and tax due diligence for the transaction on behalf of GCP, spanning its Transaction Services and Tax Advisory practices. The engagement included a quality of earnings analysis and review of HoneyQuote's tax exposure and structure ahead of close.
James Nally, Managing Director at GCP, said, "HoneyQuote has built a differentiated platform in a highly complex and underserved market. We see a clear opportunity to combine technology, acquisitions, and embedded distribution to create a scaled leader in coastal personal lines. The team has demonstrated strong execution, and we're excited to support their next phase of growth."