Achieva Credit Union Acquires Veritas Title and Cannella Insurance Services

Achieva Credit Union (Achieva Insurance Agency) Acquires Cannella Insurance Services

November 1, 2023

Financial Services

Achieva Credit Union, through its credit union service organization Achieva Insurance Agency, has acquired Cannella Insurance Services, an independent insurance agency based in Tampa, Florida. Capstone Strategic advised Achieva on the transaction; Cannella founder Joe Cannella will serve as Director of the newly named Achieva Insurance Agency, LLC.

Hub International Acquires Assets of Verity Insurance Services Inc. and Bellehaven Management Inc.

October 8, 2021

Insurance

Hub International Limited acquired the assets of Verity Insurance Services Inc. and Bellehaven Management Inc., two Covina, California–based insurance businesses. The deal brings the Verity team, led by co-owners Herman Auyang and Helen Chang, into Hub California to expand Hub's commercial insurance and employee benefits capabilities; terms were not disclosed.

Confie Acquires Vela Insurance Agency and Riteway Insurance

January 13, 2021

Insurance

Confie, a leading U.S. personal lines insurance distribution company and portfolio company of ABRY Partners, completed acquisitions of Vela Insurance Agency and Riteway Insurance and will integrate both agencies into its InsureOne standard insurance brand. The deals give InsureOne its first presence in Colorado (Vela) and expand Confie’s footprint in the Boca Raton area of Florida (Riteway); both agencies specialize in standard personal lines and commercial insurance.

KKR and Veritas Capital Recapitalize Cotiviti

May 2, 2024

Healthcare Services

Cotiviti completed a business recapitalization with investment funds managed by KKR and affiliates of long-standing owner Veritas Capital, with KKR and Veritas becoming equal co-sponsors. The transaction provides Cotiviti with additional capital to accelerate innovation, commercial expansion, new product development, and technology investments. Cotiviti is a healthcare data analytics and technology business serving health plans and select retail customers with integrated SaaS and managed services.

Clairvest Sponsors Merger and Recapitalization of Rogers Insurance and CapriCMW to Form Acera Insurance

September 21, 2022

Insurance

Clairvest Group Inc. (through its fund CEP VI) made a C$100 million minority equity investment to support the merger and recapitalization of Alberta-based Rogers Insurance and British Columbia-based CapriCMW, creating Acera Insurance Services Ltd. The investment will keep the business independent and employee-owned while providing capital to invest in people, technology and future acquisitions to grow the new national insurance brokerage platform.

Enverus Acquires Integrity Title Company

June 16, 2021

Data & Analytics

Enverus, the energy-focused data analytics and SaaS company, acquired Integrity Title Company to integrate Integrity's title plant databases into Enverus' platform. The deal brings broad Texas and New Mexico title plant coverage to Enverus, enabling faster, more accurate land-title research for energy, real estate and related end markets.