Insurance Buyout Acquisitions in 2023
Acquisition Volume in Insurance Buyout in 2023 by Year
Last 5 years
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December 31, 2023
- Buyer
- Heffernan Insurance Brokers
- Target
- Achieve Alpha Insurance
- Industry
- Insurance
- Location
- Washington, United States
- Type
- Buyout
Heffernan Insurance Brokers has acquired Achieve Alpha Insurance of Bellevue, Washington, with Gary Franke and his three team members joining Heffernan’s small business division, HeffDirect, effective December 31, 2023. Achieve Alpha, founded in 2008, specializes in Individual Health and Medicare solutions (and offers life, disability and long-term-care products); terms were not disclosed and Helfer & Associates advised Achieve Alpha.
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December 27, 2023
- Buyer
- Crest Insurance Group
- Target
- Candy Insurance Agency
- Industry
- Insurance
- Location
- Arizona, United States
- Type
- Buyout
Crest Insurance Group has acquired Candy Insurance Agency, a Chandler, Arizona-based independent insurance agency founded in 2009 by Phil Candy. The acquisition expands Crest’s presence and specialty capabilities in Arizona, adding expertise in insurance and surety solutions for the electronic security industry.
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December 27, 2023
- Buyer
- Inszone Insurance Services
- Target
- LPL Insurance Agency, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired LPL Insurance Agency, Inc., a long-established agency founded in Brea, California. The acquisition expands Inszone's geographic footprint and client base in California as the firm continues an acquisitive national growth strategy.
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December 21, 2023
- Buyer
- Ryan Specialty
- Target
- Castel Underwriting Agencies Limited
- Seller
- Arch Financial Holdings (UK) Limited, Minority shareholders
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Buyout
Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire Castel Underwriting Agencies Limited from Arch Financial Holdings (UK) Limited and minority shareholders. Castel is a London-headquartered managing general underwriter (MGA) platform comprising 13 MGUs and generating roughly £35 million of operating revenue; the deal is expected to close in the first half of 2024 subject to regulatory approvals and customary conditions.
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December 21, 2023
- Buyer
- Risk Strategies
- Target
- Setnor Byer Insurance & Risk (Setnor, Byer, Boganoff, Inc.)
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Buyout
Risk Strategies, a national specialty insurance brokerage, has acquired Setnor, Byer, Boganoff, Inc., which does business as Setnor Byer Insurance & Risk, a Greater Fort Lauderdale insurance brokerage specializing in property, casualty and employee benefits. Terms were not disclosed; Anita Byer will remain as Managing Principal and the agency will leverage Risk Strategies’ scale and specialty resources to expand its market reach and service offerings.
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December 19, 2023
- Buyer
- IMA Financial Group
- Target
- EBS Insurance Brokers
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Buyout
Denver-based IMA Financial Group has acquired EBS Insurance Brokers, a Newton, Massachusetts–based employee benefits brokerage. The deal expands IMA's presence in Massachusetts and strengthens its employee benefits capabilities for employer clients across New England.
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December 18, 2023
- Buyer
- Risk Strategies
- Target
- Robert Alan Agency
- Seller
- Robert Alan Agency (owners led by Bob Carlucci)
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Risk Strategies, a national specialty insurance brokerage, has acquired Robert Alan Agency, a New City, New York–based full-service retail insurance agency. The acquisition (terms undisclosed) expands Risk Strategies’ presence in Rockland County and the upstate New York region and enhances its personal and commercial lines capabilities.
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December 15, 2023
- Buyer
- World Insurance Associates LLC
- Target
- AVI Insurance Group, LLC
- Seller
- AVI Insurance Group, LLC
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Buyout
World Insurance Associates LLC acquired the business of AVI Insurance Group, LLC of Southington, Connecticut on December 1, 2023. AVI, a specialty agency focused on hospitality insurance for hotels and motels (and select commercial lines), will expand World’s hospitality capabilities and client offerings across its national brokerage platform.
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December 15, 2023
- Buyer
- NFP
- Target
- Advanced Insurance Consultants Limited
- Industry
- Insurance
- Location
- Hertfordshire, United Kingdom
- Type
- Buyout
NFP has acquired Hemel Hempstead-based Advanced Insurance Consultants Limited (AIC), with the entire AIC team joining NFP following the deal, which closed on December 15. The acquisition strengthens NFP's commercial insurance capabilities and expands its client base in London and the wider South East of England.
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December 13, 2023
- Buyer
- Hub International Limited
- Target
- CGC Consultants Inc.
- Seller
- CGC Consultants Inc.
- Industry
- Insurance
- Location
- Quebec, Canada
- Type
- Buyout
Hub International Limited acquired the assets of CGC Consultants Inc., a Montreal-based HR advisory firm specializing in compensation, pay equity, recruitment and total rewards. The acquisition expands Hub’s employee benefits and HR consulting capabilities in Quebec and brings Managing Partner Claudio Gardonio into Hub Quebec; financial terms were not disclosed.
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December 13, 2023
- Buyer
- OneDigital
- Target
- RiskSOURCE Clark-Theders
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Buyout
OneDigital has acquired RiskSOURCE Clark-Theders, a Cincinnati-based property & casualty (P&C) insurance firm. The 25-person RiskSOURCE team will join OneDigital’s Mid-Atlantic region, expanding OneDigital’s P&C capabilities and providing RiskSOURCE clients access to OneDigital’s employee benefits, HR consulting, wealth management and retirement services.
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December 12, 2023
- Buyer
- Senior Market Sales (SMS)
- Target
- Medi-Solutions Insurance Agency, LLC
- Seller
- James Blumetti, Frank Reilly Sr., Frank Reilly Jr.
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Buyout
Senior Market Sales (SMS), an Omaha-based insurance marketing organization, has acquired Medi-Solutions Insurance Agency, LLC (which operates as First Jersey Insurance Agency in New Jersey). The deal expands SMS’s Medicare distribution network and provides Medi-Solutions’ agents access to SMS proprietary technology, back-office support and marketing systems to drive growth and retention.
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December 12, 2023
- Buyer
- Hub International Limited
- Target
- The Musgrave Group (1510934 Alberta Ltd.)
- Industry
- Insurance
- Location
- Alberta, Canada
- Type
- Buyout
Hub International Limited acquired the shares of 1510934 Alberta Ltd. d.b.a. The Musgrave Group, an employee benefits firm based in Canmore, Alberta. The Musgrave Group team, including President Dave Musgrave, will join Hub Prairies as part of Hub's effort to strengthen its employee benefits capabilities and expand its geographic footprint in Alberta; terms were not disclosed.
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December 11, 2023
- Buyer
- Hub International Limited
- Target
- JRP Financial Services, Inc.
- Industry
- Insurance
- Location
- Alberta, Canada
- Type
- Buyout
Hub International Limited has acquired JRP Financial Services, Inc., a Calgary-based independent employee benefits brokerage that specializes in employee benefits, pension planning and human resources. Terms were not disclosed; the JRP team (including named employees) will join Hub Prairies and JRP will operate as "JRP Financial Services, a Hub International company."
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- Buyer
- Fleet Response (Rental Concepts, Inc.)
- Target
- Paragon Subrogation Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
Rental Concepts, Inc. (doing business as Fleet Response) has acquired Paragon Subrogation Services, a multi-line subrogation and arbitration outsourcing firm founded in 1995. The acquisition expands Fleet Response’s subrogation scale and capabilities, allowing its TPA operations to offer enhanced recovery, arbitration and analytics services to insurance carriers and self-insured entities.
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- Buyer
- Brown & Brown Dealer Services (Brown & Brown, Inc.)
- Target
- Automotive Business Solutions (ABS Risk, LLC and ABS Operations, LLC)
- Seller
- Michael Cox, Craig Sanford
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Buyout
Brown & Brown Dealer Services, a division of Brown & Brown, Inc., has completed the acquisition of Automotive Business Solutions (ABS), which operates as ABS Risk, LLC and ABS Operations, LLC. ABS, a Denver-based administrator of automotive aftermarket warranty products and claims, will continue to be led by CEO Michael Cox and will integrate with Brown & Brown’s Dealer Services to expand automotive F&I and warranty capabilities.
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December 8, 2023
- Buyer
- Hub International Limited
- Target
- Creative Business Solutions Group Inc.
- Seller
- Creative Business Solutions Group Inc., Jason Anker
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Creative Business Solutions Group Inc., an employee benefits firm based in Melville, New York. The Creative Business Solutions team led by President Jason Anker will join Hub Northeast as part of Hub’s strategy to expand its employee benefits capabilities and regional footprint; terms were not disclosed.
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- Buyer
- Hub International Limited
- Target
- Professional Financial Specialists Inc.
- Seller
- Professional Financial Specialists Inc.
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Professional Financial Specialists Inc., a Boulder-area insurance agency that provides commercial insurance, employee benefits and retirement solutions. The acquisition strengthens Hub's employee benefits and specialty healthcare insurance capabilities in Colorado; terms were not disclosed.
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December 5, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Hunt Insurance Agency, Inc. (dba Hunt Insurance Group)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) has acquired Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group; terms were not disclosed. Hunt is a retail property/casualty agency specializing in labor unions and associated benefit funds across the Midwest — the Hunt leadership team will remain in place and operate under Gallagher's Midwest region retail property/casualty brokerage led by Ryan Isaacs.
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December 5, 2023
- Buyer
- NFP
- Target
- Flynn Benefits Group
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Buyout
NFP has acquired Flynn Benefits Group, a Troy, Michigan-based benefits and insurance firm that specializes in executive, group and individual health and disability products. The acquisition, which closed August 1, 2023, brings Flynn's founders and team into NFP to scale the firm's benefits presence across the Detroit metro area and broader Michigan market.
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- Buyer
- World Insurance Associates LLC
- Target
- American Trust Insurance, LLC
- Industry
- Insurance
- Location
- South Dakota, United States
- Type
- Buyout
World Insurance Associates LLC (headquartered in Iselin, New Jersey) acquired the business of American Trust Insurance, LLC of Huron, South Dakota on December 1, 2023. The deal expands World’s footprint in South Dakota by adding ATI’s eight local offices and capabilities across personal, commercial, life/health and crop/agricultural insurance.
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- Buyer
- HDI Global Insurance Company
- Target
- Indiana Lumbermens Insurance Company
- Seller
- Pennsylvania Lumbermens Mutual Insurance Company
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
HDI Global Insurance Company has acquired 100% of Indiana Lumbermens Insurance Company (ILIC) from Pennsylvania Lumbermens Mutual Insurance Company (PLM); the transaction closed on November 30, 2023 and the purchase price was not disclosed. The acquisition gives HDI additional U.S. admitted carrier licenses and a Treasury listing, enabling a faster entry into the U.S. surety market and broadening HDI's U.S. specialty insurance product offerings.
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December 4, 2023
- Buyer
- Alliant Insurance Services, Inc.
- Target
- Acceptance Insurance Agency of Tennessee, Inc. (AITN)
- Seller
- First Acceptance Corporation
- Industry
- Insurance
- Location
- Tennessee, United States
- Type
- Buyout
Alliant Insurance Services, Inc. acquired Acceptance Insurance Agency of Tennessee, Inc. (AITN), the retail agency operations of First Acceptance Corporation, for up to $120 million in cash and contingent payments. The transaction transfers AITN's 288 leased retail locations (operating in 13 states) to Alliant; Confie (an Alliant portfolio company) and certain affiliates will operate as independent agents for First Acceptance Insurance Group's non-standard auto products going forward.
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December 1, 2023
- Buyer
- World Insurance Associates LLC
- Target
- Exchange Underwriters, Inc.
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Buyout
World Insurance Associates LLC (World), a national insurance brokerage headquartered in Iselin, New Jersey, acquired the business of Exchange Underwriters, Inc. of Washington, Pennsylvania on December 1, 2023. The acquisition expands World’s local footprint and product offering in the Pittsburgh region; MarshBerry advised World and Dowling Hales advised Exchange Underwriters.
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November 30, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Cadence Insurance, Inc.
- Seller
- Cadence Bank
- Industry
- Insurance
- Location
- Louisiana, United States
- Type
- Buyout
Arthur J. Gallagher & Co. has completed the acquisition of Cadence Insurance, Inc., a Baton Rouge–headquartered insurance subsidiary of Cadence Bank. As part of the transaction, Gallagher will become the preferred insurance broking partner of Cadence Bank, expanding its distribution and insurance capabilities.
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November 21, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Hughes Insurance Agency, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Arthur J. Gallagher & Co. acquired Queensbury, New York–based Hughes Insurance Agency, Inc.; terms were not disclosed. Hughes will join Gallagher Agency Alliance and its principals Linda Abodeely and Joe Koncikowski and their team will continue to operate from their current location under Gallagher's Global Small Business practice.
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November 16, 2023
- Buyer
- Inszone Insurance Services
- Target
- Letherer Insurance Consultants, Inc.
- Industry
- Insurance
- Location
- New Mexico, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based insurance brokerage, has acquired Letherer Insurance Consultants, a New Mexico agency specializing in professional liability coverage for attorneys, dentists, doctors, and accountants. The deal expands Inszone's footprint in New Mexico and enhances its capabilities in professional liability insurance.
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November 14, 2023
- Buyer
- Inszone Insurance Services
- Target
- Hawks View Insurance
- Industry
- Insurance
- Location
- Washington, United States
- Type
- Buyout
Inszone Insurance Services, a California-based full-service insurance brokerage, has acquired Hawks View Insurance, expanding Inszone's footprint into Washington State. Hawks View, founded in 1985 and headquartered in Silverdale/Vancouver area, will continue serving its customers while joining Inszone's national platform.
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November 14, 2023
- Buyer
- Higginbotham
- Target
- WRM Group, LLC, Byars|Wright, Inc., Pritchett-Moore Insurance, Flowers Insurance
- Industry
- Insurance
- Location
- Alabama, United States
- Type
- Buyout
Higginbotham has announced an affiliation with the WRM Group, LLC — a consortium of Alabama independent agencies that includes Byars|Wright, Pritchett-Moore Insurance, and Flowers Insurance. The WRM Group operates nine offices across the Southeast and employs more than 100 people; the deal expands Higginbotham's presence and resources in the region. Reagan Securities served as exclusive financial advisor to the WRM Group in the transaction.
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November 9, 2023
- Buyer
- Risk Strategies
- Target
- Prince Associates, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Risk Strategies, a national specialty insurance brokerage, has acquired Prince Associates, Inc., a multi-line retail insurance agency based in Hicksville, New York. The acquisition (terms not disclosed) expands Risk Strategies' commercial lines and risk management capabilities and brings Prince Associates' clients and services into the Risk Strategies platform.
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November 9, 2023
- Buyer
- Inszone Insurance Services
- Target
- Max Breisse Insurance Agency
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Buyout
Inszone Insurance Services, a full-service insurance brokerage, has acquired Max Breisse Insurance Agency, a Katy, Texas-based independent agency serving primarily Spanish-speaking customers. The Katy office will remain open and clients will gain access to Inszone's broader resources as Inszone continues geographic expansion across the United States.
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November 8, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- WDK Benefits, LLC
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) has acquired Farmington, Connecticut-based employee benefits agency WDK Benefits, LLC. Terms were not disclosed; John Kaufman and his associates will remain in place as part of Gallagher’s East region employee benefits consulting and brokerage operations to bolster Gallagher’s capabilities in New England.
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November 8, 2023
- Buyer
- Westland Insurance Group Ltd.
- Target
- Prime Benefits Group Inc.
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Buyout
Westland Insurance announced a partnership with Prime Benefits Group Inc., a benefits and retirement solutions provider based in Ottawa, Ontario, to expand Westland's group benefits capabilities in Canada. The move strengthens Westland's employee benefits practice and broadens its service offering to corporate clients in Ontario.
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November 7, 2023
- Buyer
- Warner Pacific
- Target
- BeneUSA LLC
- Industry
- Insurance
- Location
- Minnesota, United States
- Type
- Buyout
Warner Pacific has acquired BeneUSA LLC, an Excelsior, Minnesota-based employee benefits general agency that specializes in ancillary group insurance products such as life, disability, dental, and vision. The deal expands Warner Pacific’s geographic footprint into the Midwest and enhances its ancillary product capabilities and carrier relationships; terms were not disclosed.
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November 3, 2023
- Buyer
- The Travelers Companies, Inc.
- Target
- Corvus Insurance Holdings, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Buyout
The Travelers Companies, Inc. agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million to expand Travelers' cyber underwriting and risk-management capabilities. Corvus, an insurtech-focused managing general underwriter specializing in cyber insurance and powered by AI-driven risk analytics, will be integrated into Travelers to enhance its cyber product suite and distribution.
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November 2, 2023
- Buyer
- Hub International Limited
- Target
- OH-INS, LLC (d/b/a Overmyer Hall Associates)
- Seller
- OH-INS, LLC (d/b/a Overmyer Hall Associates)
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Buyout
Hub International Limited acquired the assets of OH-INS, LLC, d/b/a Overmyer Hall Associates, a Columbus, Ohio-based property & casualty insurance agency. The acquisition strengthens Hub's commercial insurance, construction and real estate capabilities in Central Ohio; terms were not disclosed.
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November 1, 2023
- Buyer
- OneDigital
- Target
- Crum-Halsted Agency
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
OneDigital has acquired Crum-Halsted Agency, a nearly 100-year-old property & casualty insurance and risk management firm headquartered in Sycamore, Illinois. The transaction brings Crum-Halsted’s five Illinois offices, a 55-person team and roughly 9,000 personal and business clients onto OneDigital’s national insurance, financial services and HR platform to expand P&C capabilities and local service in the Chicago/Northern Illinois region.
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October 31, 2023
- Buyer
- Alliant Insurance Services
- Target
- Commercial Risk Group (CRG)
- Industry
- Insurance
- Location
- Oklahoma, United States
- Type
- Buyout
Alliant Insurance Services has acquired Commercial Risk Group (CRG), a retail property and casualty insurance agency headquartered in Broken Arrow, Oklahoma. The acquisition expands Alliant’s presence in Oklahoma and brings CRG’s risk management expertise and local team into Alliant’s Alliant Americas division; CRG will operate as Alliant from its Broken Arrow headquarters.
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October 31, 2023
- Buyer
- Alliant Insurance Services
- Target
- The Arrow Group
- Industry
- Insurance
- Location
- Oklahoma, United States
- Type
- Buyout
Alliant Insurance Services has acquired The Arrow Group, a retail property and casualty insurance agency based in Broken Arrow, Oklahoma. The acquisition expands Alliant's presence and local capabilities in Oklahoma and surrounding areas and the Arrow Group will operate as Alliant Insurance Services from its Broken Arrow headquarters.
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October 31, 2023
- Buyer
- Alliant Insurance Services
- Target
- 3000 Insurance Group
- Industry
- Insurance
- Location
- Oklahoma, United States
- Type
- Buyout
Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property & casualty and employee benefits agency based in Oklahoma City, Oklahoma. The acquisition expands Alliant’s presence in Oklahoma; 3IG will join Alliant Americas and operate as Alliant Insurance Services in Oklahoma City.
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October 30, 2023
- Buyer
- World Insurance Associates LLC
- Target
- Hamond Safety Management LLC
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
World Insurance Associates LLC acquired the business of Hamond Safety Management LLC, a Syosset, New York-based safety group manager specializing in workers' compensation for woodworking, construction and plumbing/HVAC industries. The acquisition expands World’s capabilities in workers' compensation and safety group management; financial terms were not disclosed.
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October 30, 2023
- Buyer
- Ryan Specialty
- Target
- AccuRisk Holdings, LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire AccuRisk Holdings, a Chicago-headquartered medical stop loss managing general underwriter (MGU) founded in 2017. AccuRisk generated approximately $25 million of revenue for the 12 months ended July 31, 2023; the transaction, terms undisclosed, is expected to close in December 2023 and will expand Ryan Specialty's employee benefits capabilities and product depth.
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October 30, 2023
- Buyer
- NFP
- Target
- Resolute Insurance Services
- Industry
- Insurance
- Location
- West Midlands, United Kingdom
- Type
- Buyout
NFP has acquired Resolute Insurance Services, an independent commercial insurance broker based in the West Midlands. Resolute's senior management, including David Cox as managing director, will remain with NFP as the firm integrates Resolute's commercial insurance capabilities and expands client access to NFP's global specialists and product suite.
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October 30, 2023
- Buyer
- Risk Strategies
- Target
- Fairmount Benefits Company
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Buyout
Risk Strategies acquired Fairmount Benefits Company, a Pennsylvania-based specialty employee benefits brokerage and consulting firm, to strengthen its national employee benefits practice. Terms were not disclosed; the acquisition adds Fairmount's expertise in benefits program development, pharmacy cost management and benefits technology to Risk Strategies' capabilities.
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October 26, 2023
- Buyer
- TWFG Insurance (The Woodlands Financial Group)
- Target
- The Jeff Kincaid Insurance Agency, Inc.
- Seller
- Jeff Kincaid
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Buyout
TWFG Insurance (The Woodlands Financial Group) acquired The Jeff Kincaid Insurance Agency, Inc. in October 2023, adding an $18.2 million book of business and five branch offices across Hickory, Shelby, Morganton, Forest City and Marion, North Carolina. The acquisition expands TWFG's footprint in the eastern U.S. and brings a longtime local agency and its customers into TWFG's national branch network.
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October 26, 2023
- Buyer
- Keystone Insurers Group
- Target
- Canyon Lands Insurance (CLI Select)
- Industry
- Insurance
- Location
- Arizona, United States
- Type
- Buyout
Keystone Insurers Group, a large independent insurance agency network, has completed the full acquisition of Canyon Lands Insurance (CLI Select). CLI will continue to operate as a wholly owned subsidiary with its CEO, Dawnyel Smink, joining Keystone's executive leadership as President of Keystone's western region; terms were not disclosed.
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- Buyer
- CNL Strategic Capital, LLC
- Target
- Alex N. Sill Company (Sill Public Adjusters)
- Seller
- Weinberg Capital Group
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Buyout
CNL Strategic Capital, LLC acquired a majority equity stake (with a concurrent debt investment) in Alex N. Sill Company (Sill Public Adjusters), partnering with Sill's management. The seller was Weinberg Capital Group, which completed an exit of its interest; CNL said it will work with management to expand Sill's geographic footprint, broaden services and pursue acquisitions in the fragmented public adjusting market.
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October 23, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Rosenzweig Insurance Agency, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Arthur J. Gallagher & Co. acquired Mineola, New York-based Rosenzweig Insurance Agency, Inc.; terms were not disclosed. Rosenzweig will operate as part of Gallagher Agency Alliance and will remain in its current location, enhancing Gallagher's small-business property/casualty and employee benefits capabilities.
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October 23, 2023
- Buyer
- USI Insurance Services
- Target
- Cavanah Associates, Inc.
- Industry
- Insurance
- Location
- Hawaii, United States
- Type
- Buyout
USI Insurance Services has acquired Honolulu-based Cavanah Associates, Inc., an independent brokerage specializing in commercial and personal risk insurance. The undisclosed transaction establishes a Hawaii-based presence for USI and strengthens its commercial and personal risk insurance capabilities by integrating Cavanah's local team into the USI platform.
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October 18, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Clements Worldwide
- Industry
- Insurance
- Location
- District of Columbia, United States
- Type
- Buyout
Arthur J. Gallagher & Co. has acquired Clements Worldwide, a Washington, D.C.-based international insurance broker; terms were not disclosed. Clements' leadership and team will remain in place and will report into Gallagher's mid-South retail P&C brokerage operations, with the acquisition intended to bolster Gallagher's international capabilities and cross-selling opportunities.
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