Altaris Acquires Trean Insurance Group
April 18, 2023
Altaris, LLC completed a take-private acquisition of Trean Insurance Group, Inc., acquiring the remaining publicly held shares for $6.15 per share in a transaction that implied an approximate $316 million equity value. Trean will remain headquartered in Wayzata, Minnesota, with Julie Baron continuing as President and CEO and founder Andrew O'Brien remaining as Executive Chairman and an investor; Trean will cease trading on Nasdaq following the closing.
- Buyers
- Altaris, LLC
- Targets
- Trean Insurance Group, Inc.
- Sellers
- Trean's remaining public common stockholders
- Industry
- Insurance
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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