SkyKnight Capital Makes Minority Recapitalization Investment in Heffernan Insurance Brokers
July 22, 2019
SkyKnight Capital made a minority investment in Heffernan Insurance Brokers and recapitalized the company’s ESOP to provide strategic and financial support for continued growth. Heffernan, headquartered in Walnut Creek, California, has about 450 employees across 10 branch offices and over $100 million in revenue; the capital will be used to accelerate M&A and expand the platform.
- Buyers
- SkyKnight Capital
- Targets
- Heffernan Insurance Brokers
- Sellers
- Heffernan's ESOP
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Recapitalization
Explore More
Related Acquisitions
-
Heffernan Network Insurance Brokers Acquires Kettering Rose Insurance Services
January 1, 2023
Insurance
Heffernan Network Insurance Brokers, a subsidiary of Heffernan Insurance Brokers, acquired Kettering Rose Insurance Services of La Mesa, California, effective January 1, 2023. Founder Robyn Kettering and 10 team members joined Heffernan Network; Kettering Rose will operate as an autonomous subsidiary leveraging Heffernan's market access and resources to grow its commercial, personal and public-auto insurance business.
-
Heffernan Insurance Brokers Acquires Costello Insurance Associates
May 1, 2024
Insurance
Heffernan Insurance Brokers acquired Costello Insurance Associates, adding aviation insurance expertise to its Phoenix-area operations effective May 1, 2024. Costello, founded by Pat Costello in 1991 and based in Tempe, Arizona, brings a team of five employees and will report into Heffernan's Phoenix branch; terms were not disclosed.
-
Heffernan Network Insurance Brokers Acquires SGB Insurance Services
November 1, 2022
Insurance
Heffernan Network Insurance Brokers, a subsidiary of Heffernan Insurance Brokers, has acquired SGB Insurance Services of Wildomar, California. Founder Scott Becker and five team members joined Heffernan Network effective November 1, 2022, and SGB will operate autonomously as a subsidiary to leverage Heffernan's market access and support to drive growth.
-
Heffernan Insurance Brokers Acquires Stitz & Associates
May 1, 2023
Insurance
Heffernan Insurance Brokers, a large independent insurance brokerage headquartered in Walnut Creek, California, has acquired Stitz & Associates, a Kirkwood, Missouri-based insurance agency focused on group employer health, individual health and Medicare. The Stitz team joined Heffernan's small business division, HeffDirect, to expand Heffernan's capabilities and presence in Missouri and the greater Midwest.
-
Heffernan Insurance Brokers Acquires Micor Insurance Brokers
February 10, 2021
Insurance
Heffernan Insurance Brokers has acquired Micor Insurance Brokers of San Jose, with Corrie Foos and his team joining Heffernan effective February 1, 2021. The Micor San Jose office becomes Heffernan's 10th California location as the firm expands its Bay Area footprint.
-
Heffernan Insurance Brokers Acquires PNL Insurance Services
November 4, 2020
Insurance
Heffernan Insurance Brokers has acquired PNL Insurance Services, a Torrance, California-based insurance brokerage, effective November 1, 2020. The PNL team, led by David Lebental, joined Heffernan's Los Angeles branch to expand the firm's Southern California presence and deepen capabilities in employee benefits and entertainment-industry coverages.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.