Palomar Holdings Acquires The Gray Casualty & Surety Company from BCP

Graycliff Partners Acquires Ballymore Company, Inc.

March 11, 2021

Manufacturing

Graycliff Partners LP has completed the acquisition of Ballymore Company, Inc., a Coatesville, Pennsylvania-based designer and manufacturer of safety-focused material handling equipment. Brookside Capital Partners provided subordinated debt and an equity co-investment to facilitate the transaction; Graycliff plans to grow Ballymore organically and through add-on acquisitions while expanding its product line.

Brown & Brown Acquires The Pacific Underwriters Corporation

October 17, 2023

Insurance

A subsidiary of Brown & Brown, Inc. acquired substantially all of the assets of The Pacific Underwriters Corporation. The Pacific Underwriters team will continue operating from their Seattle location as part of Brown & Brown's National Programs segment, strengthening the firm's capabilities in public-utility program management and dental practitioner insurance across the Pacific Northwest. The sellers were shareholders Diane M. Darling, Randall R. Flem and Richard C. Rodruck.

BRP Group Acquires Performance Bonding Surety & Insurance Brokerage

January 10, 2022

Insurance

BRP Group, Inc. (NASDAQ: BRP) announced that Performance Bonding Surety & Insurance Brokerage, L.P. will be operated within the BRP family through BRP's Partnership (strategic acquisition) with Wood Gutmann & Bogart Insurance Brokers and certain affiliates, a transaction that closed on December 1, 2021. Performance Bonding, a Tustin, California–based surety specialist, will add bonding and commercial insurance expertise to BRP's national practice and expand BRP's surety capabilities for clients including contractors, developers and private equity–owned businesses.

Brown & Brown, Inc. Acquires Global Risk Partners Limited

March 8, 2022

Insurance

Brown & Brown, Inc. has entered into an agreement to acquire Global Risk Partners Limited (GRP) from funds advised by Searchlight Capital Partners; the transaction is expected to close in Q3 2022 subject to regulatory approvals, including the UK Financial Conduct Authority. GRP is a London-headquartered independent insurance intermediary with roughly 2,100 employees, operations across 110+ locations in the UK and Ireland, and annual revenue of approximately $340 million.

MedRisk Acquires Horizon Casualty Services PPO Network Business

February 7, 2026

Healthcare Services

MedRisk has acquired the Horizon Casualty Services (HCS) PPO Network business from Horizon Mutual Holdings. The deal expands MedRisk’s managed-care and network capabilities across the casualty claims market, enabling improved patient outcomes and greater value for clients in workers' compensation and auto casualty claims.

Nexsys Acquires Palomar Billing Services

August 18, 2025

Healthcare Services

Nexsys Billing & Practice Management has acquired Palomar Billing Services, a San Diego-based medical billing and revenue cycle firm with a 35-year history. The deal expands Nexsys’s revenue-cycle capabilities and specialty support—combining Palomar’s local client base with Nexsys’s Denials Management platform and AI-powered tools to better serve independent and larger physician groups nationwide.