Neptune Flood Acquires Charles River Data

Bregal Sagemount and FTV Capital Make Strategic Growth Investment in Neptune Flood

May 11, 2023

Financial Services

Bregal Sagemount and FTV Capital acquired a substantial minority stake in Neptune Flood, a St. Petersburg-based digital insurtech that provides private flood insurance and has insured over 150,000 homeowners, renters, and businesses. The growth investment (financial terms undisclosed) will help Neptune accelerate customer expansion and further develop its AI-driven Triton risk platform while Neptune's CEO and management retain majority ownership.

Trucordia Acquires Charles River Insurance

November 25, 2025

Insurance

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts with an additional office in Leominster. The acquisition strengthens Trucordia's presence in New England and expands its local personal and commercial lines capabilities.

TP ICAP Acquires Neptune Networks to Create Dealer-to-Client Credit Business with Major Banks

June 2, 2025

Financial Services

TP ICAP Group PLC has acquired Neptune Networks and will integrate Neptune's bond pre-trade data with Liquidnet's electronic credit trading platform to form a global dealer-to-client (D2C) credit business. At launch, nine major banks (Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan, Morgan Stanley and UBS) will hold a combined 30% stake in the new business to align incentives and support growth.

Charles River Associates Acquires bioStrategies Group

November 29, 2022

Consulting

Charles River Associates (CRA) acquired substantially all assets of bioStrategies Group, a Chicago-based life sciences commercial strategy consulting firm, and retained 17 employees. The deal expands CRA's Life Sciences Practice capabilities and geographic presence by adding experienced consultants including Mike Kaestle and Chris Schneider.

Danelec Acquires Nautilus Labs' AI Technology Platform

November 24, 2023

Transportation

Copenhagen-based Danelec has acquired the AI-based technology platform from New York-based Nautilus Labs to combine Danelec’s onboard data capture hardware and install base with Nautilus Labs’ fleet-performance analytics. The deal adds vessel optimization and advanced machine-learning analytics to Danelec’s offering, while the Nautilus platform will continue to operate and support existing customers under Danelec ownership.

Triton (Smaller Mid‑Cap Fund II) Acquires Neptune Software

April 27, 2022

Cloud & SaaS

Triton’s Smaller Mid‑Cap Fund II (advised by Triton) has signed an agreement to acquire Neptune Software, a Norway‑founded low‑code/no‑code (LCNC) enterprise app development platform, from Nordic investor Standout Capital and the company founders. Neptune, founded in 2011 and headquartered in Oslo, employs about 100 people, serves hundreds of enterprise customers with its Neptune DXP SaaS product, and will be scaled commercially and geographically under Triton's ownership; terms were not disclosed.