DOXA secures “hole-in-one” with latest deal | Insurance business America
Move paves the way for expansion into event promotions
Insurance News
By Mika Pangilinan
DOXA Insurance has announced the acquisition of the International Hole In One Association (IHIOA) and its group of companies, including Hole In One International, Hole-in-One USA and Odds On Promotions.
IHIOA was founded in 1991 by golf industry veterans. The Company operates as a full-service advertising company and venture purchasing group, offering prize money products for special events, hole-in-one contests and promotional events.
According to an emailed statement, the acquisition of IHIOA marks DOXA’s entry into a new industry segment. As part of this transaction, DOXA will leverage IHIOA’s expertise in golf, special events and promotional competitions while supporting the company’s continued growth and development.
“DOXA is pleased to partner with such a respected and successful program in the golf and events market,” said Matt Sackett, CEO and co-founder of DOXA. “We look forward to our expansion into this new market for DOXA, driven by the experience and energy of IHIOA leadership.
Sackett also noted in his statement the DOXA leadership team’s shared excitement about working with IHIOA.
“The entire DOXA leadership team is excited to work with the International Hole In One Association companies as they continue to expand their market share,” he said.
Mark Gilmartin, President of IHIOA, expressed similar sentiments, emphasizing both organizations’ shared passion and dedication to their respective fields.
“IHIOA was founded out of the love of the game of golf and the level of integrity it instills in each individual,” Gilmartin said. “We see the same level of commitment and passion reflected in DOXA’s enthusiasm and experience in the insurance space. Partnering with DOXA allows us to take the next step in the market by expanding our services beyond our current capabilities.”
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2024-04-05 10:15:01
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