Independence Pet Holdings Acquires Majority Stake in Spot Pet Insurance

Independence Pet Group Acquires Felix Cat Insurance Brand

September 18, 2023

Insurance

Independence Pet Group (IPG) has agreed to acquire Felix, a U.S. cat-only pet insurance brand created and operated by The Connected Pet Company. The acquisition expands IPG's portfolio and capabilities to better serve the fast-growing cat pet insurance market and is expected to close in H2 2023 subject to customary approvals.

Independence Pet Group Acquires Fairfax's C&F Pet Insurance Operations and Pethealth Inc.

October 31, 2022

Insurance

Independence Pet Group (IPG) has completed the acquisition of Fairfax Financial’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., bringing multiple pet insurance brands and pet-wellbeing services onto IPG's platform. The deal expands IPG’s footprint in the United States and Canada and increases its scale across insurance brands, shelter services and pet registry capabilities.

Digital Fuel Capital Acquires Majority Stake in PuppySpot

October 26, 2022

E-Commerce

Digital Fuel Capital, a private equity firm focused on e-commerce, announced a majority investment in PuppySpot, the leading online puppy placement marketplace. The investment will support PuppySpot’s next phase of growth by investing in performance marketing, technology and marketplace capabilities to expand its consumer-facing platform.

Hippo Acquires Spinnaker Insurance Company

June 3, 2020

Insurance

Hippo entered into a definitive agreement to acquire Spinnaker Insurance Company, a national property and casualty insurer rated A- by A.M. Best. The acquisition (pending regulatory approval) brings a licensed carrier into Hippo’s group to expand its geographic reach and underwriting capacity for modern home insurance products across the United States.

IBI Group Acquires HotSpot

June 1, 2022

Transportation

IBI Group Inc. acquired HotSpot, a New Brunswick–founded mobility and parking solutions provider, to strengthen its traffic and transportation offerings and grow recurring revenue. HotSpot's platform — used by over 80 municipalities, cities and universities and 460,000 app users — will complement IBI's curbside, transit and payments capabilities and support the firm's U.S. expansion.

NetApp Acquires Spot

June 3, 2020

Cloud & SaaS

NetApp has entered into a definitive agreement to acquire Spot (formerly Spotinst), a provider of cloud compute management and cost-optimization software, to establish leadership in Application Driven Infrastructure. The acquisition pairs NetApp’s shared storage platform with Spot’s continuous optimization platform to help customers reduce cloud compute and storage costs and accelerate public cloud adoption; the deal is expected to close in the first half of NetApp’s fiscal year subject to customary approvals.