About us
Welcome to Envest
Envest is a private, entrepreneurial, equity investment business that focuses on investing and supporting insurance and financial services businesses. We do this by acquiring minority interests in insurance-related businesses that we believe in and supporting those businesses to achieve their growth objectives.
At Envest, we pride ourselves on investing in independent businesses and individuals who share common growth aspirations.
What we do
Envest guides and supports established businesses to create and deliver their business strategies. We are constantly on the lookout for merger and acquisition opportunities, as well as seeking young entrepreneurs willing to back themselves and their business. We have a great track record of incubating start-ups, often by giving individuals the confidence to create their own business.
Here’s how we deliver on our Partner Promise:
- identifying growth opportunities through merger and acquisition activity;
- providing a strong balance sheet to support investment partners with growth opportunities; and
- providing vendor finance or assistance with arranging finance and structuring, particularly to younger people as part of a succession plan for the business.
Our strategy
The three pillars of our business are:
Insurance Brokers - particularly where we perceive value can be created
Underwriting Agencies - within a particular niche market
Insurance-related businesses - that can add value through cross-selling and process improvement
Envest provides full strategic support to its investment partners by ultimately being the custodian of the strategy and its execution.
Our team
Greg Mullins
Partner
Greg leads the Envest team. He is an equity partner and a director. Greg started his career in the Hollard... read more.
Rob Ellis
Partner
Rob is an equity partner and represents Envest as a non-executive director on a number of investment partner boards... read more.
Envest Business Centre
The Envest Business Centre is responsible for financial and corporate governance support to our investment partners. It offers strong accounting and legal support, including incubation, full service accounting administration, management accounting and board reporting. Our in-house legal counsel supports all mergers and acquisitions activity for Envest and its partner businesses.
The Envest Business Centre has the knowledge and expertise to assist with:
- financial management, reporting, tax and structuring assistance;
- contracts, licensing and ongoing legal and compliance support; and
- corporate governance issues.
Our Investments
Broker network
Envest currently has nine equity broker partners. They operate in each Australian major city and certain regional areas. The brokers are highly regarded in their area and are well established. They have a stable and expanding client base and a committed team of staff. We support our broker network by leveraging their balance sheets to help grow their revenue through acquisition of portfolios and people. We also facilitate collaboration and implementation of best practise across the broker network. The operators of each business are fully committed to a growth strategy in a sector of the industry that has seen tremendous consolidation, providing opportunities for independent brokers.
Specialist insurance agencies
Envest has ten underwriting agency partners, the majority which are start-up businesses. This plays to Envest’s strength as being an incubator. As we build our reputation as an underwriting agency advocate, investor and underwriting security facilitator, we will continue to look for opportunities where we can help agencies get insurance products to market in an efficient and effective manner.
When investing in underwriting agencies, we look for:
- a genuine niche product or distribution market;
- underwriting support that is a natural fit for the insurer and the agency; and
- owner operators who have an intimate knowledge of their product and market.
Associated insurance investments
Envest has acquired a minority interest in an number of claims management and insurance technology businesses. Part of the Envest strategy, is to acquire interests in insurance-related businesses that can support and complement the insurance brokers and underwriting agencies. This is achieved through cross-selling, collaborating, and finding efficiencies that improve processes and ultimately, profitability.
Contact us
1800 835 963
Envest c/o WeWork
Level 13,
333 George Street,
Sydney, NSW 2000