White Mountains Acquires Majority Stake in Bamboo Ide8 Insurance Services
October 20, 2023
White Mountains Insurance Group agreed to acquire approximately a 70% majority stake in Bamboo Ide8 Insurance Services, LLC, investing about $285 million including primary capital to support growth. Bamboo, a tech- and data-enabled MGA serving over 100,000 California homeowners, will remain led by founder John Chu and management, and plans to expand beyond California with White Mountains as a capital partner.
- Targets
- Bamboo Ide8 Insurance Services, LLC
- Sellers
- selling equityholders
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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