Insurance Add-on Acquisitions in 2022
Acquisition Volume in Insurance Add-on in 2022 by Year
Last 5 years
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December 30, 2022
- Buyer
- Hilb Group
- Target
- Oak Ridge Surety Agency
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Hilb Group has acquired West Chester, Pennsylvania-based Oak Ridge Surety Agency, effective December 30, 2022. The small surety-focused agency will join Hilb’s Mid-Atlantic operations and integrate with Wayne, Pennsylvania-based Wharton Surety Consultants to expand Hilb’s surety capabilities and regional presence.
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- Buyer
- Keyes Coverage
- Target
- Amsley Insurance, Parkland Insurance Marketing
- Seller
- Lance Turck, Rich Rainone
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
Keyes Coverage, a Tamarac, Florida-based independent insurance agency and Platform Partner of Keystone Agency Partners, has acquired Amsley Insurance and Parkland Insurance Marketing to expand its geographic footprint across Florida. Financial terms were not disclosed; the deals add Amsley's Greater Orlando presence (St. Cloud/Kissimmee) and Parkland's sports and entertainment-focused offering to Keyes' platform.
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December 20, 2022
- Buyer
- Hilb Group
- Target
- Gillman Insurance Problem Solvers, APA Insurance Services, 3G Truckin' Insurance
- Seller
- Ed Gillman
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
The Hilb Group, a Richmond-based property & casualty and employee benefits brokerage backed by The Carlyle Group, acquired Alpharetta, Georgia-based Gillman Insurance Problem Solvers (including affiliates APA Insurance Services and 3G Truckin' Insurance), effective December 1, 2022. The deal expands Hilb Group's Southeast U.S. presence and deepens its P&C expertise; Ed Gillman and his team will join Hilb's Southeast regional operations.
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December 15, 2022
- Buyer
- Evertree Insurance
- Target
- Gnade Insurance Group
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Evertree Insurance, a technology-enabled personal lines insurance distribution platform backed by Integrum Holdings, has acquired Gnade Insurance Group, a 27-person independent agency based in Frankfort, Illinois. The acquisition brings Gnade's ~4,600 clients and 20+ carrier appointments onto the Evertree platform as an add-on to expand distribution and deploy Evertree's tools and technology.
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December 13, 2022
- Buyer
- ALKEME, GCP Capital Partners
- Target
- Robert Bell Insurance Brokers
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
ALKEME, a Top 50 insurance brokerage backed by GCP Capital Partners, has acquired Robert Bell Insurance Brokers, a Fallbrook, California-based property & casualty insurance agency focused on equipment and event rental, towing and healthcare. The target will continue to operate under its brand while gaining access to ALKEME's resources and product offerings as an add-on to ALKEME's platform.
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December 12, 2022
- Buyer
- Highstreet Insurance Partners
- Target
- Hanasab Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Highstreet Insurance Partners acquired Ontario, California-based Hanasab Insurance Services, Inc., expanding Highstreet’s footprint into the California and Nevada markets. The deal adds Hanasab’s local insurance and real estate-focused capabilities to Highstreet’s national insurance agency platform.
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December 1, 2022
- Buyer
- Choice Financial Group, Northlane Capital Partners
- Target
- Mountaineer Insurance Services, Inc.
- Industry
- Insurance
- Location
- West Virginia, United States
- Type
- Addon
Choice Financial Group, backed by Northlane Capital Partners, has acquired Mountaineer Insurance Services, a five-branch insurance agency based in Beverly, West Virginia. The Mountaineer leadership team will remain in place as Choice expands its geographic footprint into West Virginia; the transaction closed November 1, 2022 and represents Choice's 11th acquisition since partnering with Northlane.
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December 1, 2022
- Buyer
- AssuredPartners, Inc.
- Target
- Witkemper Insurance Group
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Addon
AssuredPartners, Inc. has acquired Witkemper Insurance Group, a Greensburg, Indiana-based insurance agency with offices in Greensburg and Indianapolis. The 19-person team will remain under President Kyle Nichols; the deal expands AssuredPartners' operations in Indiana and is one of many add-on acquisitions by the firm in 2022.
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December 1, 2022
- Buyer
- The Hilb Group
- Target
- OceanPoint Insurance
- Industry
- Insurance
- Location
- Rhode Island, United States
- Type
- Addon
The Hilb Group acquired OceanPoint Insurance, a Rhode Island-based agency, effective December 1, 2022, expanding Hilb's New England footprint. OceanPoint's principal Doug Mayhew and his team joined Hilb Group's New England regional operations to integrate the agency's property & casualty and employee benefits capabilities.
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November 29, 2022
- Buyer
- Simplicity Group
- Target
- Triton Brokerage Group
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Simplicity Group has acquired Triton Brokerage Group, a national distributor of annuity, life, long-term care, and disability insurance. Triton founders Bob Ogurcak and Matt Woodson join Simplicity as partners; the business becomes the 47th company in Simplicity's partnership to expand its distribution, point-of-sale and wealth channel capabilities.
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November 29, 2022
- Buyer
- ALKEME
- Target
- Dealer Insurance Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
ALKEME, a PE-backed retail insurance platform based in Ladera Ranch, California, has acquired Dealer Insurance Services, a Laguna Hills, California-based benefits-focused insurance agency serving the auto dealer industry. Dealer Insurance Services will continue to operate under its current brand as ALKEME expands its capabilities and presence in the dealer and employee-benefits markets.
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November 24, 2022
- Buyer
- SIB Corp. (StoneRidge Insurance Brokers), CIVC Partners, LP
- Target
- Safeway Insurance and Financial Services Inc.
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Addon
SIB Corp. (operating as StoneRidge Insurance Brokers), a CIVC Partners–backed insurance platform, has acquired Safeway Insurance and Financial Services Inc., expanding SIB's personal and commercial insurance presence in the Greater Toronto Area. The acquisition adds Safeway's consumer and financial products capabilities across North York, Richmond Hill, Markham and Mississauga to SIB's platform.
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November 15, 2022
- Buyer
- Relation Insurance Services, Inc.
- Target
- Garrity Insurance
- Seller
- Garrity Insurance
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Garrity Insurance effective November 1, 2022; terms were not disclosed. Garrity, which serves Massachusetts individuals and businesses from five offices, will remain led day-to-day by President Bill Garrity as part of Relation's platform to expand its footprint and risk management capabilities in the East.
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November 15, 2022
- Buyer
- PCF Insurance Services
- Target
- Milz Health Group
- Industry
- Insurance
- Location
- Wisconsin, United States
- Type
- Addon
PCF Insurance Services has acquired Milwaukee-based Milz Health Group to expand PCF's presence into the Wisconsin individual insurance market. Milz is a full-service agent specializing in Medicare (Advantage, Medigap, Part D) and Affordable Care Act plans; terms were not disclosed and PCF said the acquisition will enable expanded offerings and growth leveraging PCF's shared services model.
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November 8, 2022
- Buyer
- Union Bay Acquisition LLC
- Target
- LaBrozzi Insurance Group, Inc.
- Seller
- LaBrozzi Insurance Group, Inc. (founder Debra LaBrozzi)
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Union Bay Acquisition LLC, an aggregator of property-casualty insurance agencies, has acquired LaBrozzi Insurance Group, Inc., a Bradford, Pennsylvania-based independent insurance agency. The transaction expands Union Bay's Northeast footprint and adds local P&C insurance expertise to its Union Bay Risk Advisors portfolio; terms were not disclosed.
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November 3, 2022
- Buyer
- Simplicity Group
- Target
- Marketing Financial
- Industry
- Insurance
- Location
- Missouri, United States
- Type
- Addon
Simplicity Group has acquired Marketing Financial, a Springfield, Missouri-based full-service wholesaling and brokerage firm led by Alan Lockhart, who joins Simplicity as a partner. The deal brings Marketing Financial into Simplicity’s partnership network and provides the firm access to Simplicity’s product bench, operational support and marketing resources to expand distribution of life insurance, annuities and related products.
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November 1, 2022
- Buyer
- The Hilb Group
- Target
- Vinton Insurance Services
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
The Hilb Group, a Richmond, Virginia-based insurance brokerage and portfolio company of The Carlyle Group, acquired Towson, Maryland-based Vinton Insurance Services effective November 1, 2022. Vinton will join Hunt Valley-based PSA Insurance & Financial Services (a Hilb Group agency) as part of Hilb Group’s strategy to expand its Mid-Atlantic employee benefits capabilities and client base.
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November 1, 2022
- Buyer
- Hilb Group
- Target
- Sharpline Insurance Brokerages
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Hilb Group, a Carlyle-backed insurance brokerage based in Richmond, Virginia, has acquired Pennsylvania-based Sharpline Insurance Brokerages (including Madison Risk Group and Trinity Asset Protection). The add-on expands Hilb Group’s property & casualty presence in the Mid-Atlantic, strengthening capabilities in construction and health & human services risk management.
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- Buyer
- Pinnacle Pet Group
- Target
- Crum & Forster Pet Insurance Group (UK operations), Pet Protect, VioVet
- Seller
- Crum & Forster Pet Insurance Group
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Addon
Pinnacle Pet Group (PPG), a JAB-controlled pan-European pet insurance and health services platform, has completed the acquisition of the United Kingdom operations of Crum & Forster Pet Insurance Group (C&F Pet), including Pet Protect and VioVet. The deal adds ~70,000 Pet Protect customers and VioVet's ecommerce/e-pharmacy capabilities (≈900,000 transactions/year), expanding PPG's UK/European pet insurance footprint and non-insurance pet health services.
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- Buyer
- Warburg Pincus, Oona Insurance (via Aseana Insurance Investments Holdings Pte. Ltd.)
- Target
- PT Asuransi Bina Dana Arta Tbk (ABDA), Mapfre Insular Insurance Corporation (MIIC)
- Industry
- Insurance
- Location
- Indonesia, Philippines
- Type
- Addon
Warburg Pincus committed $350 million to establish Oona Insurance, a Singapore-based digital general insurance platform, in partnership with industry executive Abhishek Bhatia. Oona (via its subsidiary Aseana Insurance Investments Holdings Pte. Ltd.) has seeded the platform with acquisitions of PT Asuransi Bina Dana Arta Tbk (ABDA) in Indonesia and Mapfre Insular Insurance Corporation (MIIC) in the Philippines as part of a buy-and-build strategy to scale across Southeast Asia.
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October 18, 2022
- Buyer
- Choice Financial Group, Northlane Capital Partners
- Target
- Georgia Pines Agency, LLC
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
Choice Financial Group has partnered with Georgia Pines Agency, LLC to expand its insurance platform into Florida, Georgia and California. The transaction (which closed August 1, 2022) adds GPA’s 12 branch locations and ~65 team members to Choice’s PE-backed platform (Choice is backed by Northlane Capital Partners) and represents Choice’s tenth acquisition since teaming with Northlane in October 2021.
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- Buyer
- Inszone Insurance Services
- Target
- Beach Cities Insurance Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Beach Cities Insurance Services, an independent Orange County agency founded in 1992. The deal marks Inszone’s 30th acquisition in California and expands its personal, commercial and benefits offerings across California, Arizona, Nevada and Hawaii.
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- Buyer
- SIB Corp. (StoneRidge Insurance Brokers), CIVC Partners, LP
- Target
- Deerborne Insurance Inc.
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Addon
SIB Corp., operating as StoneRidge Insurance Brokers and a portfolio company of CIVC Partners, has acquired Deerborne Insurance Inc., a full-service brokerage serving the Greater Toronto Area. The acquisition expands SIB's personal and commercial insurance presence in Toronto and is part of SIB's broader program of acquisitions to build a national broker platform.
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September 28, 2022
- Buyer
- Choice Financial Group, Northlane Capital Partners
- Target
- Schlather Insurance Agency, Inc.
- Seller
- Schlather family / Dave Schlather
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Addon
Choice Financial Group, a Northlane Capital Partners‑backed insurance roll‑up based in Virginia Beach, has acquired Schlather Insurance Agency, Inc., a full‑service insurance agency with locations in Wellington, Oberlin and Elyria, Ohio. The deal extends Choice’s presence in Ohio and surrounding markets; Dave Schlather will remain to oversee operations and support the integration and growth efforts.
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September 27, 2022
- Buyer
- Choice Financial Group
- Target
- Parker Reigle Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Choice Financial Group, a PE-backed insurance agency consolidator, has acquired Parker Reigle Insurance Agency of Chesapeake, Virginia. The deal is an add-on to Choice’s platform (backed by Northlane Capital Partners) intended to expand Choice’s presence in southeastern Virginia while keeping founder June Reigle in an operational role.
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September 21, 2022
- Buyer
- Union Bay Acquisition LLC
- Target
- Farrell Insurance Associates Inc.
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Union Bay Acquisition LLC, an aggregator of property-casualty insurance agencies, has acquired Farrell Insurance Associates Inc., an independent insurance agency based in Lansdale, Pennsylvania. Terms were not disclosed; the deal expands Union Bay's presence and expertise in the greater Philadelphia area as part of its strategy to acquire small regional insurance agencies.
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September 20, 2022
- Buyer
- PIB Group Ltd
- Target
- Zorab Insurance Services Ltd
- Industry
- Insurance
- Location
- Hampshire, United Kingdom
- Type
- Addon
PIB Group Ltd has acquired Zorab Insurance Services Ltd, a specialist super-yacht and marine insurance broker headquartered in Romsey, Hampshire. The deal adds Zorab's niche marine, property and corporate insurance expertise (a nine-person team) to PIB's Specialisms division as an add-on to strengthen its marine and high-net-worth capabilities.
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September 14, 2022
- Buyer
- Simplicity Group
- Target
- Coastal Insurance Consulting
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Simplicity Group has acquired Coastal Insurance Consulting, a Pennsylvania-based insurance brokerage that provides products, marketing and underwriting support for financial professionals. Coastal's principals, Michael Driscoll and Brendon Healy, join Simplicity as partners and will continue to manage day-to-day operations as part of Simplicity's expanding distribution platform.
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September 13, 2022
- Buyer
- Relation Insurance Services
- Target
- Mobeck-Guandalini Insurance, Inc.
- Seller
- Mobeck-Guandalini Insurance, Inc.
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, has acquired the assets of Connecticut-based Mobeck-Guandalini Insurance, Inc. The acquired agency will continue to be led by Christopher Guandalini as it is integrated into Relation's platform to expand the firm's presence and services in Connecticut; terms were not disclosed.
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September 7, 2022
- Buyer
- StoneRidge Insurance Brokers (SIB Corp.), CIVC Partners
- Target
- DeJong's Insurance Ltd.
- Seller
- Tim DeJong and family
- Industry
- Insurance
- Location
- Alberta, Canada
- Type
- Addon
StoneRidge Insurance Brokers (SIB), a CIVC Partners portfolio company, has partnered with DeJong's Insurance Ltd., a privately owned Calgary brokerage, to expand SIB's personal and commercial insurance offerings in Alberta. DeJong's, founded and run by Tim DeJong and family since 1962, will join SIB's national platform, which is actively pursuing additional partnership and acquisition opportunities across Canada.
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September 6, 2022
- Buyer
- Senior Market Sales (SMS)
- Target
- Medicare Solutions Network
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Senior Market Sales (SMS), an insurance marketing organization and part of the Alliant family, has acquired Medicare Solutions Network, a Lisle, Illinois-based Medicare insurance agency known for its popular educational Medicare workshops. The deal brings Medicare Solutions Network onto SMS’s platform to leverage SMS’s technology, back-office support and carrier relationships to expand reach in the Chicago-area senior market.
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September 1, 2022
- Buyer
- Hilb Group
- Target
- Abatelli Insurance Agency
- Seller
- Eileen Black, Phillip Abatelli III, James Abatelli, Abatelli Insurance Agency
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
The Hilb Group acquired Whitestone, New York-based Abatelli Insurance Agency effective September 1, 2022, expanding Hilb's Tri-State personal lines and property & casualty capabilities. The Abatelli family team (Eileen Black, Phillip Abatelli III, James Abatelli) joined Hilb Group's Tri-State regional operations following the transaction.
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August 31, 2022
- Buyer
- PCF Insurance Services
- Target
- Wilber-Price Insurance Group
- Seller
- John Wilber (Principal of Wilber-Price Insurance Group)
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Addon
PCF Insurance Services, a top-20 U.S. insurance broker headquartered in Lehi, Utah, has acquired Wilber-Price Insurance Group, an independent insurance agency with offices in southern Ohio. The acquisition expands PCF’s regional presence and adds Wilber-Price’s commercial, personal, and specialty lines expertise to PCF’s growing agency network; terms were not disclosed.
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- Buyer
- PCF Insurance Services
- Target
- Apple Insurance and Financial Services
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Florida-based Apple Insurance and Financial Services, an individual health and Medicare-focused insurance agency based in South Florida. Terms were not disclosed; the deal expands PCF's Agency Partner footprint and strengthens its presence in the competitive Florida individual health and Medicare market.
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August 24, 2022
- Buyer
- Highstreet Insurance Partners
- Target
- Paragon Underwriters
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Addon
Highstreet Insurance Partners has acquired Michigan-based program manager Paragon Underwriters, which specializes in insurance programs for attorneys and law firms. The acquisition expands Highstreet's Specialty Risk group and enhances its legal industry-focused professional liability offerings.
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August 23, 2022
- Buyer
- Choice Financial Group, Northlane Capital Partners
- Target
- R. Stephens Financial, Inc.
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Addon
Choice Financial Group, a PE-backed insurance agency, has acquired New Jersey-based employee benefits consultancy R. Stephens Financial, Inc. The deal is an add-on to Choice's platform as it expands its footprint in New Jersey and strengthens its employee benefits and insurance brokerage capabilities; founder Richard Yuran will continue to lead the business.
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August 18, 2022
- Buyer
- King Insurance
- Target
- Brad Burns Insurance, Inc.
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
King Insurance, a Gainesville-based full-service insurance brokerage, has acquired Brad Burns Insurance, Inc., a Tallahassee commercial insurance agency focused on commercial property & casualty and employee benefits. The ten-employee firm will continue to operate out of Tallahassee; the acquisition extends King's northern Florida presence and enhances its commercial and employee benefits practice as part of the Company's partnership with BHMS Investments, LP.
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August 17, 2022
- Buyer
- Scottish American
- Target
- Brookside General Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Scottish American acquired Brookside General Insurance Services, Inc. of Stockton, California on August 1, 2022; terms were not disclosed. Brookside General is a managing general agency and surplus lines broker specializing in transportation and commercial auto lines across California, Arizona and Texas, and the deal expands Scottish American's insurance distribution capabilities and West Coast footprint.
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August 16, 2022
- Buyer
- Relation Insurance Services
- Target
- Innovative Broker Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of California-based Innovative Broker Services. The acquisition expands Relation's presence and employee-benefits capabilities in California; terms were not disclosed and Innovative Broker Services will continue to be led by Tom Avery under Relation.
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- Buyer
- IMA Financial Group, Inc.
- Target
- York International Agency, LLC
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
IMA Financial Group announced a strategic partnership with York International Agency, LLC under which York will join the IMA family of companies and operate as IMA New York. The move expands IMA's footprint in the New York metro area and adds York's specialty capabilities in real estate, commercial P&C and employee benefits while preserving York's local office and employee-ownership.
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August 1, 2022
- Buyer
- Hilb Group
- Target
- Cook & Company Insurance Services
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
The Hilb Group acquired Cook & Company Insurance Services, a Hanover, Massachusetts-based employee benefits and medical stop-loss brokerage, effective August 1, 2022. The add-on expands Hilb Group’s New England presence and enhances its employee benefits offerings; agency principal Sue Shillue and her team joined Hilb Group's New England regional operations.
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July 19, 2022
- Buyer
- Relation Insurance Services
- Target
- Insurance, Inc.
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Maryland-based Insurance, Inc., a personal, commercial and employee-benefits insurance agency headquartered in Owings, Maryland. The deal terms were not disclosed; Insurance, Inc. principals Amir Krell and Tracy Sutton will continue to lead the business under Relation.
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- Buyer
- Oakbridge Insurance Agency LLC
- Target
- The Assurance Center
- Industry
- Insurance
- Location
- Tennessee, United States
- Type
- Addon
Oakbridge Insurance Agency LLC announced a partnership with The Assurance Center, an independent property & casualty insurance agency headquartered in Knoxville, Tennessee. The deal brings The Assurance Center's all-female team and local commercial and personal P&C capabilities into Oakbridge's partnership model, expanding Oakbridge's presence in East Tennessee and adding municipal/public-entity carrier access and risk-management services.
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July 12, 2022
- Buyer
- Simplicity Group
- Target
- Chesapeake Brokerage
- Seller
- Jeff Levy, Marge Levy
- Industry
- Insurance
- Location
- Delaware, United States
- Type
- Addon
Simplicity Group has acquired Chesapeake Brokerage, a Delaware-based life, long-term care and annuity distribution firm. The founders Jeff and Marge Levy will join Simplicity as partners and continue to run day-to-day operations while benefiting from Simplicity's product, marketing and back-office resources.
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- Buyer
- Specialty Program Group LLC
- Target
- ESP Insurance Brokerage LLC
- Seller
- ESP Insurance Brokerage LLC
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
Specialty Program Group LLC (SPG), a holding company for specialty insurance brokerages and underwriting facilities, acquired the assets of ESP Insurance Brokerage LLC, a Worcester-based program administrator focused on sports, events and entertainment insurance. The deal adds niche products, in-house underwriting/binding authority and technology capabilities to SPG's portfolio and is intended to scale ESP's product offerings and service team as part of SPG's specialty insurance platform.
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- Buyer
- SIB Corp. (operating as StoneRidge Insurance Brokers)
- Target
- Knight Archer Insurance
- Seller
- Archer family (ownership of Knight Archer)
- Industry
- Insurance
- Location
- Saskatchewan, Canada
- Type
- Addon
SIB Corp., operating as StoneRidge Insurance Brokers (a CIVC portfolio company), has entered into a partnership investment with Knight Archer Insurance, a full-service brokerage with offices across Saskatchewan, Manitoba and Alberta. The deal expands StoneRidge's national footprint in western Canada and provides a succession solution for the Archer family while Knight Archer's leadership remains in place.
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- Buyer
- Clear Group, ECI Partners
- Target
- Centor Insurance & Risk Management
- Seller
- Neil Walton
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Addon
Clear Group has acquired Centor Insurance & Risk Management, a commercial insurance broker based in the City of London. The deal is an add-on to Clear's broker roll-up (backed by ECI Partners), expanding Clear's commercial capabilities and increasing its gross written premiums and presence in the London market.
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- Buyer
- Pinnacle Pet Group
- Target
- Veterfina Verzekeringsmaatschappij N.V., Veterfina European subsidiaries
- Industry
- Insurance
- Location
- Netherlands
- Type
- Addon
JAB Holding Company’s Pinnacle Pet Group (PPG) has signed a definitive agreement to acquire 100% of the shares of Veterfina Verzekeringsmaatschappij N.V. and its European subsidiaries. The deal is expected to close in Q4 2022, subject to customary regulatory approvals, and financial terms were not disclosed. PPG plans to use growth equity to accelerate European expansion and roll out FIGO, JAB’s digital pet insurance offering, in select markets.
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- Buyer
- Relation Insurance Services
- Target
- Dunn Insurance, Inc.
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Connecticut-based Dunn Insurance, Inc., expanding Relation’s presence in Connecticut and the eastern U.S. Terms were not disclosed; Dunn will continue to be led by Ronald Dunn as part of Relation. The deal is an add-on to Relation’s platform backed by Aquiline Capital Partners.
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- Buyer
- Relation Insurance Services
- Target
- Bohannon Insurance Group
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Relation Insurance Services, a Walnut Creek, California-based insurance brokerage, acquired the assets of Bohannon Insurance Group, a Modesto, California-based firm specializing in Medicare and group medical insurance. Terms were not disclosed; Bohannon will join Relation's West Region and its leaders will continue to run the business. Relation is PE-backed by Aquiline Capital Partners.
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