Ambac Financial Group Acquires ArmadaCare from SiriusPoint

Ambac Acquires All Trans Risk Solutions and Capacity Marine Corporation

November 8, 2022

Financial Services

Ambac Financial Group has acquired majority stakes in All Trans Risk Solutions, LLC and Capacity Marine Corporation, adding roughly $60 million of premium placed to its specialty P&C distribution platform, Cirrata Group. The deals expand Ambac's underwriting and wholesale brokerage capabilities in transportation-focused commercial automobile and marine insurance markets.

119th Street Capital Acquires Armada Analytics

October 21, 2025

Professional Services

119th Street Capital, an Indiana-based family office, has acquired Armada Analytics, a provider of commercial real estate advisory and analytics services. The investment will provide Armada with financial and strategic resources to support continued organic and inorganic growth while preserving the firm's culture; sellers were advised by Tower Partners and Nelson Mullins.

Addus HomeCare Acquires Armada Skilled Home Health and Hospice (New Mexico)

July 13, 2021

Healthcare Services

Addus HomeCare Corporation signed a definitive agreement to acquire Armada Skilled Home Health of New Mexico, Armada Hospice of New Mexico and Armada Hospice of Santa Fe for approximately $29.0 million in cash. The acquisition expands Addus' home health and hospice footprint in New Mexico (Armada is based in Albuquerque and has annualized revenues of about $23.0 million) and is expected to be immediately accretive to Addus' results.

ARMADA Parent Inc. Acquires Poseidon Industrial LLC

November 12, 2025

Aerospace & Defense

ARMADA Parent Inc., a PE-backed maritime and defense services platform majority owned by Carlyle and Stellex Capital Management, has acquired Poseidon Industrial LLC. The acquisition strengthens ARMADA's ship repair, modernization, and systems-integration capabilities to better support U.S. Navy and defense programs.

Everspan Group (Ambac) Acquires Three 21st Century Admitted Insurance Carriers

January 3, 2022

Insurance

Everspan Group, a specialty property & casualty platform owned by Ambac Financial Group, completed the acquisitions of 21st Century Indemnity Insurance Company, 21st Century Pacific Insurance Company and 21st Century Auto Insurance Company of New Jersey. The deals expand Everspan's admitted carrier base and distribution capabilities for its program partners; legacy liabilities of the three carriers remain with the seller (described as a national insurance group).

Inveniam Capital Partners Acquires Armada ETF Advisors

June 10, 2025

Financial Services

Inveniam Capital Partners has acquired Armada ETF Advisors and will partner with Phil Bak to develop DeFi-enabled investment products that modernize institutional access to private assets. The acquisition brings Armada's quantitative real-estate ETF expertise together with Inveniam's private-market data infrastructure to expand the firm's asset-management capabilities and launch innovative, more liquid private-asset investment solutions.