BMS Re Acquires Trean Intermediaries

Tangram Insurance Services Acquires Preferred Reinsurance Intermediaries

December 31, 2023

Financial Services

Tangram Insurance Services, a national managing general agency and program manager, acquired Preferred Reinsurance Intermediaries effective December 31, 2023. The deal expands Tangram's capabilities into the reinsurance brokerage market and brings Preferred Re's reinsurance placement, specialty program development, and alternative risk capacity sourcing expertise into Tangram's platform; terms were not disclosed.

AEA Investors Acquires BMS Enterprises

September 30, 2019

Environmental Services

AEA Investors' Middle Market Private Equity team has closed the acquisition of BMS Enterprises, a Fort Worth-based provider of fire, water and reconstruction restoration services. AEA will back BMS — which operates 17 U.S. branches and a national catastrophe team and employs roughly 850 people — to support continued organic growth and expansion of its restoration and reconstruction capabilities.

Trean Insurance Group Acquires 7710 Insurance Company

October 2, 2020

Insurance

Trean Insurance Group, through its wholly-owned subsidiary Benchmark Holding Company, has completed the acquisition of 7710 Insurance Company and its associated program manager and agency. The deal expands Trean’s specialty insurance footprint by adding a leader in workers’ compensation coverage for the emergency services (fire and EMS) market.

Avison Young Acquires BMS Realty Services, LLC

February 3, 2020

Professional Services

Avison Young has acquired Washington, D.C.-based property manager BMS Realty Services, LLC to bolster its property management capabilities in the D.C. Metro area. The BMS team of 23 joins Avison Young, with founder Larry McCulley becoming Executive Vice President, Real Estate Management Services in the firm's Washington, D.C. office.

Altaris Acquires Trean Insurance Group

April 18, 2023

Insurance

Altaris, LLC completed a take-private acquisition of Trean Insurance Group, Inc., acquiring the remaining publicly held shares for $6.15 per share in a transaction that implied an approximate $316 million equity value. Trean will remain headquartered in Wayzata, Minnesota, with Julie Baron continuing as President and CEO and founder Andrew O'Brien remaining as Executive Chairman and an investor; Trean will cease trading on Nasdaq following the closing.

MCS Acquires Five Brothers Asset Management Solutions

March 13, 2024

Real Estate

MCS has acquired Five Brothers Asset Management Solutions, integrating the family-owned property preservation firm into its national property services platform. The transaction combines complementary preservation, maintenance and technology capabilities to expand MCS’s service offering and geographic reach across mortgage servicers, single-family rental owners and reverse mortgage clients.