JAB Holding Company Pet Insurance Business to Acquire Crum & Forster Pet Insurance Group and Pethealth Inc. from Fairfax Financial
June 20, 2022
JAB Holding Company’s pet insurance business has agreed to acquire all of Fairfax Financial’s interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., including their worldwide operations. As part of the deal, Fairfax will receive $1.4 billion (including $1.15 billion cash and $250 million in seller notes) and will also invest $200 million in JAB’s JCP V consumer fund.
- Buyers
- JAB Holding Company
- Targets
- Crum & Forster Pet Insurance Group (C&F Pet), Pethealth Inc.
- Sellers
- Fairfax Financial Holdings Limited
- Platforms
- JAB's pet insurance business
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Independence Pet Group Acquires Fairfax's C&F Pet Insurance Operations and Pethealth Inc.
October 31, 2022
Insurance
Independence Pet Group (IPG) has completed the acquisition of Fairfax Financial’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., bringing multiple pet insurance brands and pet-wellbeing services onto IPG's platform. The deal expands IPG’s footprint in the United States and Canada and increases its scale across insurance brands, shelter services and pet registry capabilities.
-
Pinnacle Pet Group Acquires C&F Pet UK Operations (Pet Protect, VioVet)
October 31, 2022
Insurance
Pinnacle Pet Group (PPG), a JAB-controlled pan-European pet insurance and health services platform, has completed the acquisition of the United Kingdom operations of Crum & Forster Pet Insurance Group (C&F Pet), including Pet Protect and VioVet. The deal adds ~70,000 Pet Protect customers and VioVet's ecommerce/e-pharmacy capabilities (≈900,000 transactions/year), expanding PPG's UK/European pet insurance footprint and non-insurance pet health services.
-
Amynta Group Acquires Credit Insurance Business of Crum & Forster
December 24, 2024
Insurance
Amynta Group has acquired the Credit Division of Crum & Forster (a Fairfax Financial subsidiary). The acquired business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions, led by Daniel L. Sussman, and C&F will remain a distribution/partner for the business.
-
Crum & Forster Accident & Health Acquires Partners Managing General Underwriters (PMGU)
February 21, 2023
Insurance
Crum & Forster Accident & Health (a division of Crum & Forster) has acquired medical stop-loss managing general underwriter Partners Managing General Underwriters LLC (Partners MGU). The deal expands C&F A&H’s capabilities and presence in the self‑insured/medical stop‑loss market and vertically integrates PMGU’s stop‑loss underwriting expertise into C&F’s Accident & Health portfolio.
-
JAB Acquires Compassion-First Pet Hospitals from Quad‑C
February 25, 2019
Veterinary
JAB Holding Company, through its JAB Consumer Fund, has agreed to acquire Quad‑C Management’s stake in Compassion‑First Pet Hospitals in a transaction valuing the business at $1.215 billion. Compassion‑First — a network of 41 specialty, emergency and general practice veterinary hospitals across 13 U.S. states — will retain significant ownership by current veterinarian investors and management, with Founder and CEO John Payne remaining a significant investor and leader.
-
Pinnacle Pet Group Acquires Veterfina’s European Pet Insurance Business
July 6, 2022
Insurance
JAB Holding Company’s Pinnacle Pet Group (PPG) has signed a definitive agreement to acquire 100% of the shares of Veterfina Verzekeringsmaatschappij N.V. and its European subsidiaries. The deal is expected to close in Q4 2022, subject to customary regulatory approvals, and financial terms were not disclosed. PPG plans to use growth equity to accelerate European expansion and roll out FIGO, JAB’s digital pet insurance offering, in select markets.
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.