Equal Parts is an Austin, Texas insurance platform that acquires independent insurance agencies and runs them on a proprietary AI-native operating system. The platform automates back-office work, standardizes workflows across acquired agencies, and adds AI-backed quoting, policy administration and compliance tooling so agents can spend their time on client relationships. It targets the long tail of independent agencies generating under $5 million in revenue, offering capital and technology as an alternative to selling to a large corporate consolidator. Acquisitions to date include Assurely, Lumen Insurance Technologies, Strategic Insurance Group and Blue Star Insurance Agency.