MEM Capital Acquires Mountain Life Insurance Company and Kentucky Home Life Insurance Company

Choice Financial Group Acquires Mountaineer Insurance Services

December 1, 2022

Insurance

Choice Financial Group, backed by Northlane Capital Partners, has acquired Mountaineer Insurance Services, a five-branch insurance agency based in Beverly, West Virginia. The Mountaineer leadership team will remain in place as Choice expands its geographic footprint into West Virginia; the transaction closed November 1, 2022 and represents Choice's 11th acquisition since partnering with Northlane.

White Mountains Acquires Majority Interest in Ark Insurance Holdings

October 1, 2020

Insurance

White Mountains Insurance Group agreed to invest $605 million of equity (at a $300 million pre-money valuation) and purchase $41 million of shares from existing owners to acquire a majority interest in Ark Insurance Holdings, the parent of Ark Syndicate Management Ltd. The capital raise will give White Mountains ~72% ownership at closing (63% fully diluted), with a commitment to contribute up to an additional $200 million in 2021 to substantially expand Ark's Lloyd's capacity, convert its Bermuda reinsurance entity, and hire underwriting talent.

New Mountain Capital Acquires HealthComp from Alpine Investors

November 9, 2020

Healthcare Services

New Mountain Capital has partnered with HealthComp Holding Company LLC, acquiring the leading independent third-party administrator (TPA) from Alpine Investors. HealthComp, headquartered in Fresno, California and serving over 400,000 members, will keep its CEO and management team invested while New Mountain plans to accelerate growth by investing in data & analytics and expanding cost and clinical management capabilities.

New Mountain Capital Invests in Access Healthcare

January 14, 2025

Healthcare Services

Affiliates of New Mountain Capital have made a growth investment in Access Healthcare to support the company’s next phase of expansion. The capital will be used to advance AI and workflow automation, accelerate product development, and expand Access Healthcare’s revenue cycle management platform into new markets while the existing leadership team remains in place.

Knighthead Insurance Group Acquires Merit Life Insurance Co.

January 14, 2025

Insurance

Knighthead Insurance Group has acquired Merit Life Insurance Co., rebranding the business as Knighthead Life and launching U.S. operations focused on annuities and retirement solutions. The acquisition supports Knighthead's strategic expansion into the United States and the rollout of multi-year guaranteed annuity (MYGA) products backed by an AM Best A- rating.

New Mountain Capital Acquires Horizon Group Holdings from Sun Capital Affiliate

November 13, 2019

HVAC & Mechanical

New Mountain Capital has acquired Horizon Group Holdings, LLC (Horizon Services) from an affiliate of Sun Capital Partners. Horizon, a Newark, Delaware-based residential provider of heating, air conditioning, plumbing, and electrical services with a ~1,400-employee team, will remain managed by founder Dave Geiger and management, and will use New Mountain's capital and resources to accelerate organic and acquisition-led growth.