Stone Point Takes Significant Stake in The Ardonagh Group at $14B Valuation

Arcosa Acquires StonePoint Materials for $375M

March 22, 2021

Building Products

Arcosa, Inc. agreed to acquire StonePoint Ultimate Holding, LLC (StonePoint Materials) from an affiliate of Sun Capital Partners for $375 million in cash. StonePoint is a top-25 U.S. aggregates company producing ~9 million tons annually across 20 locations (projected revenues ~$117M and Adjusted EBITDA ~$28M for the trailing twelve months), and the transaction expands Arcosa's aggregates footprint and is expected to be accretive to earnings.

Stone Point- and Further Global-led Consortium Acquires Duff & Phelps for $4.2 Billion

January 22, 2020

Financial Services

A global investor consortium led by funds managed by Stone Point Capital and Further Global agreed to acquire Duff & Phelps for $4.2 billion. Permira funds (the prior majority owner) will retain a significant stake as part of the consortium, and Duff & Phelps' management will maintain meaningful equity; the deal was announced January 22, 2020 and completed April 14, 2020.

Stone Point Capital Makes Strategic Investment in Allied Benefit Systems

February 18, 2021

Healthcare Services

Funds managed by Stone Point Capital have made a strategic investment in Allied Benefit Systems, a Chicago-based third-party administrator of group health benefits. Allied's management will remain in place and the capital will support the company's next phase of growth as Stone Point positions Allied for market consolidation and continued expansion of its benefits and cost-containment solutions.

Stone-Goff Partners Invests in Adar, with Five Points Capital Financing

January 9, 2020

IT Services

Stone-Goff Partners has made an investment in Adar (Adar Inc./Adar Holdings), a Skokie, Illinois‑based provider of outsourced IT-as-a-Service (ITaaS) for SMBs. Five Points Capital provided unitranche financing and an equity co-investment to support the transaction; proceeds will fund Adar's growth initiatives including expansion of sales and marketing and rollout of a new Azure-based offering.

Ardonagh Group Acquires Thames Underwriting

August 17, 2020

Insurance

The Ardonagh Group has acquired Thames Underwriting, a Leigh-on-Sea–based managing general agent (MGA) that serves brokers across the Construction, Leisure and Commercial sectors. Thames (a 30-strong team) will join Ardonagh's MGA brands within Geo Specialty Group Holdings Limited, expanding Ardonagh's specialist underwriting capability and broker distribution with existing delegated authorities to Lloyd's and A-rated insurers.

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.