Envisage International Acquired by NSM Insurance Group
Navagant LLC, a leading middle market investment bank focused on serving mission-driven organizations, advised Envisage International Corporation on its sale to NSM Insurance Group, a global specialty insurance provider with 25+ niche insurance programs.
Based in Neptune Beach, Florida, Envisage offers a wide range of international health and travel medical insurance products through its two brands, International Student Insurance (ISI) and Envisage Global Insurance (EGI). ISI serves colleges, universities, ESL programs, study abroad programs, students, teachers and scholars with A+ rated plans and best-in-class resources. EGI is the leading provider of group insurance plans to organizations in the J1 cultural exchange and global youth travel market, offering unparalleled service and custom-built technology to its clients around the world.
Health insurance for international students and travelers provides policyholders critical financial protection and is often mandated by the host government or sponsoring organizations. The acquisition of Envisage by NSM Insurance Group will benefit international students and cultural exchange participants through increased access to enhanced health insurance offerings at competitive prices.
As a portfolio company of NSM, Envisage will be able to expand its already impressive global reach into new international markets while maintaining the founders’ legacy and providing its employees abundant professional growth opportunities. In addition to continuing to execute on its outstanding track record of organic growth, Envisage will be better positioned to seek complementary acquisitions and to begin to consolidate a highly fragmented industry.
Keith Clausen, President, Envisage International
“We’re absolutely thrilled to join forces with NSM to help us continue to grow and scale the business,” said Keith Clausen, President of Envisage International. “Over the last two decades, our dedicated and talented team has helped us grow into the force we are today, and we look forward to extending that growth with NSM. NSM has the prowess and proven track record to help ISI and EGI grow by expanding our distribution channels, further enhancing our technology platforms and expanding our global market reach.”
Shawn Keenan, Managing Director, Navagant
“Keith and his team have built an incredible business with impressive global reach. NSM is the ideal partner for Envisage to continue its growth trajectory while scaling the organization and maintaining best-in-class service to its policyholders and their sponsoring organizations. Envisage’s operations will be bolstered by NSM’s state-of-the-art resources and back-office support. We could not be more pleased with the outcome of this transaction nor prouder to have represented the market leader in student health and travel medical insurance.”
About NSM Insurance Group
NSM Insurance Group is a global specialty insurance provider, exclusively focused on building successful insurance programs. For more than 30 years, NSM has been committed to delivering industry-specific insurance programs that help agents meet the unique needs of their customers and fuel market growth through innovative development, underwriting, distribution and claims expertise. The company has built more than $1.6 billion in premium across 25+ specialty insurance programs and brands around the world focused on collector cars; pets; social services and behavioral health; addiction treatment; coastal condominiums; towing and garage; trucking; sports and fitness; professional liability for contractors, architects and engineers; habitational; general contractors; leased equipment; medical stop loss and managed care; staffing; and workers’ compensation. For more information on NSM, visit nsminc.com.
Navagant LLC is a middle-market investment bank serving entrepreneurs, family-businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts and corporate carve-outs. With a conscious-capital mission and a team of experienced investment banking professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes.
For more information, please visit www.navagant.com.