WELLESLEY, MA, May 28, 2025 – Morgan Partners is pleased to announce that our client, Churchill Innovative Holdings (dba Neo Insurance Solutions or “Neo”), a Miami, FL-based technology-enabled managing general agent (MGA) and independent marketing organization (IMO) focused on the U.S. health insurance market, has received an equity investment from ITOCHU Corporation, one of Japan’s largest trading and investment companies.

Founded in 2018, Neo has leveraged technology and insurance expertise to build a unique ecosystem for providing the functions necessary for the insurance distribution process in a one-stop manner. Neo works with over 100 agency partners as well as over 20 insurance carriers to deliver a wide range of high-quality health insurance products to consumers. It offers a robust range of services to the agency partners in its ecosystem, including quoting / enrollment software, lead generation (via Fuego Leads, a joint venture), third-party administration, commissions advancing, customer support, and more.

“The Morgan Partners team was instrumental in helping find the right partner for our business. They understood the complexity of our insurance distribution ecosystem and positioned the story strongly, making it digestible for potential investors. We couldn’t be happier working with the Morgan team and hope to work with them again in the future,” said Jonathan Karlin, CEO of Neo Insurance Solutions.

“Neo has a highly differentiated platform and impressive relationships with insurance companies which allows for consumers to have access to a wide variety of high-quality insurance products across various carriers and products,” commented Hugh Keefe, Managing Director at Morgan Partners. “By partnering with ITOCHU, Neo will be able to continue to grow its distribution ecosystem and expand its ability to provide comprehensive coverage to many Americans in need of affordable and quality insurance.”

Morgan Partners served as the exclusive financial advisor to Neo Insurance Solutions. Terms of the deal were not disclosed.

For further information on the deal, please view this press release.

About Neo Insurance Solutions

Founded in 2018, Neo Insurance Solutions is a Miami, FL-based MGA / IMO that provides insurance marketing, administrative, and management services to agents, associations, and carriers nationwide. Through Neo’s technology platform, independent, licensed agents sell high-quality insurance and non-insurance products to families and individuals throughout the United States.

About ITOCHU Corporation  

The history of ITOCHU Corporation dates back to 1858 when the Company’s founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 160 years. With approximately 90 locations across 61 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas.

About Morgan Partners

Morgan Partners is a highly focused middle-market financial technology investment bank. Our tailored, expert services, deep industry relationships, and vertical domain expertise allow us to provide “best execution” simply not available at other firms. Our services consist of sell-side and buy-side M&A, capital raising, and strategic advisory to technology companies in the insurance, capital markets, banking, and related sectors. Visit www.morganpartners.com to learn more.