Northeast Coverages Acquires AUI Inc.
November 3, 2020
Northeast Coverages Inc., a New York-based wholesale/MGA, has acquired AUI Inc., an Austin-based managing general agency and surplus lines broker. Stonybrook Capital advised Northeast Coverages on the transaction and Stonybrook Risk Management served as the exclusive reinsurance intermediary. The deal expands Northeast Coverages' distribution into the U.S. Southwest and adds AUI's commercial property, liability and niche lines such as liquor liability.
- Buyers
- Northeast Coverages Inc.
- Targets
- AUI Inc.
- Industry
- Insurance
- Location
- Texas, United States
- Transaction Type
- Buyout
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