American Growth Insurance (AGI) has launched an AI-enabled insurance brokerage growth platform backed by nearly $70 million in committed equity funding from Rockbridge Growth Equity and venture capital studio Atomic.
The Atlanta-based company aims to acquire independent insurance agencies and brokerages across the US and transform them into AI-native operations serving commercial and personal lines clients.
AGI said it has spent the past year working with 10 independent agencies to develop and test its operating model, which combines artificial intelligence tools with traditional brokerage relationships. The company said participating agencies increased average profitability by more than 50% through revenue growth and productivity improvements.
Following the completion of its first acquisition, AGI plans to pursue additional deals with the goal of exceeding $10 million in revenue by the end of 2026.
Brian Morgan, CEO of AGI, said the company intends to create a national brokerage platform built around technology-enabled growth while preserving the expertise and relationships of independent brokers.
“American Growth Insurance is building out the next-generation, national insurance brokerage platform. AGI will deploy custom-built native AI technology, tailored to the operations of our partner firms, which is designed to facilitate collaboration and producer development.”
Morgan said the company differs from traditional brokerage consolidators by positioning itself as an operating partner rather than solely an acquirer.
“Unlike traditional acquirers, AGI is an operator that’s seeking true partnerships with independent agencies and brokerages.”
Morgan brings more than 30 years of insurance industry experience and has previously held senior roles including Chief Revenue Officer at Keystone Agency Partners, as well as leadership positions at Marsh, Willis, Integro Insurance Brokers and The Plexus Groupe.
Rockbridge Growth Equity partner Tony Pulice said the platform aims to help smaller brokers adopt technology while maintaining the high-touch service model valued by clients.
“AGI’s goal is to help smaller brokers leverage technology while supporting the high-touch service their customers demand.”
Michael Stenclik, Vice President at Atomic, said insurance distribution represented a significant opportunity for AI-driven transformation.
“Insurance distribution is a massive category that has never been rebuilt from the architecture up, and the value of AI compounds only when it shapes the whole operating company rather than sitting on top of it as another tool.”
The launch adds to a growing wave of AI-focused investment across insurance distribution, with brokerages and consolidators increasingly exploring artificial intelligence as a way to improve productivity, automate operations and create scalable growth models.
