ALPHARETTA, Ga., June 2, 2025 /PRNewswire/ -- Afore Insurance Services, a rapidly growing buyer and operator of independent insurance agencies, announced a significant strategic investment from Neace Ventures, led by insurance industry icon John Neace. As part of the investment, Neace will join Afore's Board of Directors as Vice Chairman, leveraging his decades of leadership and transformative impact in the insurance brokerage industry.
This significant partnership will accelerate Afore's national growth trajectory. Neace Ventures will contribute its portfolio of insurance agency acquisitions currently under Letter of Intent (LOI), which Afore will now close, enhancing its footprint and strengthening its national capabilities.
John Neace is best known as the founder of Neace Lukens, a dominant regional insurance brokerage firm whose 2011 acquisition by AssuredPartners, its first major platform purchase, helped catapult it to become one of the largest insurance brokerage firms in the United States.
"We're thrilled to welcome John Neace to Afore as an investor, board member, and visionary leader," said Michael A. Garguilo, President and CEO of Afore Insurance Services. "John's track record speaks for itself—he's helped successfully build and scale one of the most influential brokerage platforms in the industry. His guidance and the agencies contributed through Neace Ventures will immediately strengthen Afore's platform, help drive our M&A strategy and provide us a lasting competitive advantage."
"Afore has built something special—a culture of entrepreneurship, innovation, and integrity that aligns perfectly with my philosophy," said John Neace, Founder and Chairman of Neace Ventures. "This partnership is a natural fit. I'm excited to support Afore's leadership team and bring our combined vision to life as we create the next great insurance distribution platform."
Founded by experienced insurance professionals, Afore Insurance Services ranks among the top 100 largest national brokerage platforms. The firm has quickly established itself as a distinct alternative for agency owners, offering them the opportunity to realize their agency's value today while sharing the benefits of future growth accomplished in collaboration with the company, which helps them better serve clients through deeper resources and scale.
With Neace's appointment and contribution of agencies, Afore is expected to expand its national reach and continue attracting high-performing agencies looking for a dynamic, growth-oriented partner.
About Afore Insurance Services:
Afore Insurance Services is a consolidated insurance brokerage acquisition platform offering independent insurance agencies the opportunity to partner with a top 100-largest national firm to better serve clients. With roots going back to the 1970s, Afore has successfully acquired over 50 agencies and operates them under custom operating structures where (former owner) principals and producers direct client sales and service activities locally. Today, Afore is one of the largest insurance brokers in the US, with 20+ offices nationwide.
About Neace Ventures:
Neace Ventures, led by John Neace, is a private investment firm targeting high-growth opportunities in insurance, healthcare, and real estate. Its insurance strategy leverages Neace's successful brokerage legacy, including founding Neace Lukens and helping to build AssuredPartners.
Media Contact:
Holden King
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Phone: (770) 727-3268
SOURCE Afore Insurance Services, LLC
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