DOXA Files Form D With The Securities Exchange Commission

MGA-focused holding company DOXA filed its Form D with the SEC in connection to an equity round totaling $4.1M. Have a look here.

The Fort Wayne-based company, established in 2016, is led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists. It was built to partner with and acquire managing general agents (MGAs) that focus on specialty commercial property and casualty niches. More specifically and by design, DOXA seeks small to medium, independently owned and operated MGAs that have established brand recognition within their niche markets, have track records of success, and whose ownership anticipates or is actively seeking a business succession option without limiting or sacrificing full control of operations. “Medium and small MGAs are often overlooked by firms that are actively acquiring within the insurance industry. The ‘bigger is better’ mindset prevails. From our experience, there is a tremendous amount of knowledge, passion, and creativity within what the industry refers to as a ‘small MGA.’ DOXA’s goal is to partner with these smaller to mid-sized agencies, assist their growth and operational objectives with DOXA’s experience, and allow each proprietor to continue managing but with the freedom to consider his or her next steps” – Matthew Sackett (CEO).