Truss Peak Holdings Acquires Leaders Life Insurance Company

Simplicity Group Acquires The Leaders Group, Inc.

February 15, 2023

Financial Services

Simplicity Group Holdings, Inc. has entered into a definitive agreement to acquire The Leaders Group, Inc., a national independent broker-dealer based in Littleton, Colorado. The acquisition expands Simplicity's distribution capability into the brokerage general agency (BGA) channel and enhances its ability to support independent financial advisors and BGAs with insurance and securities distribution services.

Thomas H. Lee Partners Acquires Majority Stake in Insurance Technologies

September 14, 2020

Cloud & SaaS

Thomas H. Lee Partners (THL) has agreed to acquire a majority stake in Insurance Technologies, LLC from NexPhase Capital. The investment will support Insurance Technologies' continued development of a SaaS cloud-based sales and regulatory automation platform for the insurance and financial services industries and enable further strategic acquisitions.

Trean Insurance Group Acquires 7710 Insurance Company

October 2, 2020

Insurance

Trean Insurance Group, through its wholly-owned subsidiary Benchmark Holding Company, has completed the acquisition of 7710 Insurance Company and its associated program manager and agency. The deal expands Trean’s specialty insurance footprint by adding a leader in workers’ compensation coverage for the emergency services (fire and EMS) market.

Protective Acquires ShelterPoint Group, Inc.

April 9, 2024

Insurance

Protective Life Insurance Company, a U.S. subsidiary of Dai-ichi Life Holdings, completed the acquisition of ShelterPoint Group, Inc., a provider of statutory disability, paid family and medical leave, and medical gap insurance products. The deal, in which ShelterPoint was owned by Eos Partners, adds a new employee benefits business line to Protective and expands its product offering and customer base across state-mandated leave markets.

Providence Bank & Trust Acquires The Leaders Bank

May 1, 2022

Financial Services

Providence Bank & Trust completed its acquisition and merger of The Leaders Bank effective May 1, 2022. The merger expands Providence's footprint in the Chicago area (bringing combined assets to ~$1.69 billion and 15 branches) and will transition The Leaders Bank customers and employees into Providence, with operational platform consolidation planned for early June 2022.

Brickell L&A Holdings (Brickell Insurance Group / 777 Partners) to Acquire First Trinity Financial Corporation

April 27, 2023

Insurance

Brickell L&A Holdings LLC, a portfolio company of the Brickell Insurance Group and an affiliate of PE firm 777 Partners, has entered into a definitive agreement to acquire Tulsa-based First Trinity Financial Corporation. The deal values First Trinity at 1.17x GAAP shareholders' equity at closing (excluding AOCI), is expected to close in Q4 2023 subject to regulatory and shareholder approvals, and will keep First Trinity operating from its Tulsa headquarters under existing management and employees.