DOXA Insurance has announced the acquisition of the International Hole In One Association (IHIOA) and its suite of companies, including Hole In One International, Hole-in-One U.S.A., and Odds On Promotions.
IHIOA was established in 1991 by veterans of the golf industry. It operates as a full-service promotions company and risk purchasing group, offering prize indemnity products for special events, hole-in-one contests and promotional events.
The acquisition of IHIOA marks DOXA’s entry into a new industry segment, according to an emailed release. As part of this transaction, DOXA will tap into IHIOA’s expertise in golf, special events, and promotional contests, while also supporting its continued growth and development.
“DOXA is pleased to partner with such a well-respected and successful program in the golf and events market,” said Matt Sackett, DOXA’s CEO and co-founder. “We look forward to our expansion into this new market for DOXA, fueled by IHIOA leadership’s experience and energy.
Sackett also noted in his statement the shared excitement among DOXA’s leadership team about joining forces with IHIOA.
“The entire DOXA leadership team is excited to partner with the International Hole In One Association’s suite of companies as they continue to expand market share,” he said.
Mark Gilmartin, president of IHIOA, shared similar sentiments, emphasizing the shared passion and dedication both organizations have for their respective fields.
“IHIOA was founded on a love for the game of golf and the level of integrity it instills in individuals,” said Gilmartin. “We see the same level of dedication and passion mirrored in DOXA’s enthusiasm and experience in the insurance space. Partnering with DOXA allows us to take the next step in the marketplace as we expand our services beyond our current capabilities.”
Earlier this week, DOXA announced that it is expanding its presence in the rental market with the acquisition of Renters Legal Liability (RLL).
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