Goosehead Insurance (Nasdaq: GSHD), an independent personal lines insurance agency, said it has executed an agreement to acquire Vivint Smart Home’s insurance book, which includes more than 15,000 policies, for $5.5 million in cash.
The transaction follows an announcement in April under which Goosehead would acquire Vivint Insurance Agency’s book of business and provide service and support for Vivint’s insurance clients as the company shifts its insurance strategy to a partnership model.