Tracked deals
82
82 tracked deals across 2015-2026.
Insurance Buyers & Acquisitions in Illinois
Buyer mix
Strategic-led
81 strategic · 11 pe
Top trend
Volume peaked in 2022
16 tracked deals announced in 2022.
Primary Insight
What Stands Out
- Broker and agency consolidation shows up repeatedly, with Illinois-based teams continuing under existing leadership in multiple transactions.
- Specialty lines expansion appears in deals like cyber liability capability building (via R.E. Chaix & Associates Insurance Brokers, LLC acquiring US Pro Insurance Services).
- Employee benefits and stop-loss are prominent, including Nationwide acquiring The Allstate employer stop loss business and Horace Mann Educators Corporation expanding supplemental insurance and employee assistance.
- Underwriting and risk platform activity is present, such as Flexpoint Ford, LLC closing a $460M continuation vehicle for SageSure LLC.
- Digital and technology-enabled growth is explicitly referenced in transactions involving broker growth initiatives (including BayPine LP and Relation Insurance Services).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arthur J. Gallagher & Co. | 6 | Global insurance brokerage and risk-management firm provi... | Strategic |
| Hub International Limited | 4 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| Relation Insurance Services | 4 | Insurance brokerage and risk management firm offering bro... | Strategic (PE-backed) |
| AssuredPartners, Inc. | 3 | National insurance brokerage and consolidator that acquir... | Strategic |
| EPIC Insurance Brokers & Consultants | 3 | National retail risk management and employee benefits ins... | Strategic (PE-backed) |
| Inszone Insurance Services | 3 | National full-service insurance brokerage offering commer... | Strategic |
| Alera Group | 2 | National insurance brokerage and financial services firm ... | Strategic |
| Integrity Marketing Group, LLC | 2 | Independent distributor and platform for life and health ... | Strategic |
| Marsh McLennan Agency | 2 | Insurance broker and risk advisor providing business insu... | Strategic |
| Relation Insurance Services, Inc. | 2 | Insurance brokerage offering risk management and employee... | Strategic (PE-backed) |
Acquisition Volume in Insurance in Illinois by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 23, 2026
- Buyer
- Horace Mann Educators Corporation
- Target
- Employee Services, LLC (ESI), Reserve National Insurance Company (RNIC), MedMutual Life Insurance Company's group life and disability business
- Seller
- Medical Mutual of Ohio
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Horace Mann Educators Corporation agreed to acquire Employee Services, LLC (ESI) and Reserve National Insurance Company from Medical Mutual of Ohio for a combined net purchase price of approximately $240 million. The deals also include reinsurance of Medical Mutual’s group life and disability business to Horace Mann, expanding employer-focused offerings and distribution reach.
-
- Buyer
- Flexpoint Ford, LLC, Lexington Partners, Barings, Round2 Investment Partners
- Target
- SageSure LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Recapitalization
Flexpoint Ford has closed a $460 million single-asset continuation vehicle for SageSure LLC, a managing general underwriter focused on catastrophe-exposed property insurance markets. The transaction extends Flexpoint’s ownership while giving existing investors the option to realize liquidity or roll over, and brings Lexington Partners as the lead investor along with participation from Barings and Round2 Investment Partners.
-
June 29, 2026
- Buyer
- Simplicity Group
- Target
- Benefit Planning, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Simplicity Group announced the acquisition of Benefit Planning, Inc. (BPI), a Chicago-based insurance agency serving high-net-worth and ultra-high-net-worth clients. The deal expands Simplicity’s capabilities in large-case protection strategies, and BPI founder Bob Muzikowski becomes Simplicity’s newest Partner.
-
February 18, 2026
- Buyer
- BayPine LP
- Target
- Relation Insurance Services
- Seller
- Aquiline Capital Partners LP
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
BayPine LP has entered into a definitive agreement to acquire Relation Insurance Services, a large independent U.S. insurance broker. Relation management—including CEO Tim Hall—will continue to lead the company as BayPine aims to accelerate technology-enabled growth and apply AI and other digital tools.
-
February 12, 2026
- Buyer
- R.E. Chaix & Associates Insurance Brokers, LLC
- Target
- US Pro Insurance Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
R.E. Chaix & Associates has acquired US Pro Insurance Services to deepen its specialty lines capabilities, particularly in Cyber Liability, and expand market access for retail agents and brokers nationwide. The US Pro team will join R.E. Chaix and the combined business will operate under the R.E. Chaix & Associates name.
-
December 24, 2025
- Buyer
- Inszone Insurance Services
- Target
- Northern Insurance Group, Ltd.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Northern Insurance Group, Ltd., a long-established independent agency based in Illinois. Northern Insurance will continue to operate in place and will be supported by Inszone’s broader platform, carrier access, and technology to support continued growth.
-
November 21, 2025
- Buyer
- Tokio Marine Holdings, Inc.
- Target
- Commodity & Ingredient Hedging (CIH)
- Seller
- Falfurrias Capital Partners
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Tokio Marine Holdings, Inc. has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH), a technology-enabled risk management solutions provider for agricultural and commodity markets, from Falfurrias Capital Partners. The deal is expected to close in the first quarter of 2026, subject to regulatory approvals.
-
- Buyer
- Relation Insurance Services
- Target
- Joseph M. Wiedemann & Sons, Inc.
- Seller
- Joseph M. Wiedemann & Sons, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Relation Insurance Services acquired the assets of Joseph M. Wiedemann & Sons, Inc. (JMWS), a fourth-generation independent insurance agency based in Arlington Heights, Illinois; the transaction was effective August 1, 2025 and terms were not disclosed. JMWS will continue operating under its current partners, joining Relation’s national platform to expand Relation’s geographic footprint and product capabilities; Relation is PE-backed by Aquiline Capital Partners.
-
- Buyer
- Nationwide
- Target
- Allstate Employer Stop Loss Business (Allstate Benefits)
- Seller
- The Allstate Corporation
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Nationwide has completed the $1.25 billion acquisition of The Allstate Corporation's employer stop loss segment, closing the agreement announced Jan. 30, 2025. The business will join Nationwide's newly formed Group Benefits segment led by Lindsey Murray and expands Nationwide's capabilities to sell stop-loss insurance to small businesses.
-
May 12, 2025
- Buyer
- T. Rowe Price Investment Management, Alpha Wave Global, Temasek
- Target
- Hub International Limited
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Growth capital
Hub International Limited announced a definitive agreement for an approximately $1.6 billion minority common equity investment led by funds and accounts advised by T. Rowe Price Investment Management, Alpha Wave Global, and Temasek, valuing HUB at $29 billion. The investment provides primary capital to support growth initiatives, acquisitions, debt repayment and other corporate purposes while Hellman & Friedman retains control and management remains a significant shareholder.
-
- Buyer
- Hub International Limited
- Target
- Dansig, Inc. (d/b/a Dansig Insurance Risk Advisors)
- Seller
- Dansig, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Dansig, Inc., d/b/a Dansig Insurance Risk Advisors, a Decatur, Illinois-based insurance risk advisor. The Dansig team, led by President & CEO Daniel Reynolds, will join Hub Midwest West to strengthen Hub's employee benefits, commercial and personal insurance capabilities in the region; terms were not disclosed.
-
March 13, 2025
- Buyer
- Mutual Capital Holdings, Inc., Mutual Capital Group, Inc.
- Target
- ICC Holdings, Inc.
- Seller
- Shareholders of ICC Holdings, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Mutual Capital Holdings, a subsidiary of Mutual Capital Group, has closed its all-cash merger to acquire ICC Holdings, Inc., the parent of Illinois Casualty Company, for approximately $73.8 million. ICC Holdings will operate as an independent subsidiary under Mutual Capital, with Arron K. Sutherland remaining as President and CEO.
-
- Buyer
- EPIC Insurance Brokers & Consultants
- Target
- Chartwell Insurance Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
EPIC Insurance Brokers & Consultants has acquired Chartwell Insurance Services, a Chicago-based boutique specializing in private client personal property and liability solutions for high-net-worth individuals. The deal strengthens EPIC’s private client practice and expands its presence in Chicago and the broader Midwest, giving Chartwell access to EPIC’s national resources.
-
January 31, 2025
- Buyer
- Relation Insurance Services
- Target
- Rummel Associates, Inc.
- Seller
- Jared Rummel (Owner of Rummel Associates, Inc.)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Relation Insurance Services acquired the assets of Rummel Associates, Inc., an insurance agency based in Chicago, Illinois. The transaction went into effect on January 31, 2025, and financial terms were not disclosed.
-
December 26, 2024
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Afina Insurance Advisors, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Arthur J. Gallagher & Co. acquired Oakbrook Terrace-based Afina Insurance Advisors, Inc., a property and casualty insurance broker serving the greater Chicago area. The Afina team will remain in place and operate under Gallagher's Midwest retail property/casualty brokerage operations to complement Gallagher's existing retail brokerage capabilities in Chicago. Terms were not disclosed.
-
December 9, 2024
- Buyer
- Arthur J. Gallagher & Co.
- Target
- AssuredPartners
- Seller
- GTCR, Funds advised by Apax Partners LLP
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) signed a definitive agreement to acquire AssuredPartners, with the transaction expected to close in the first quarter of 2025. The deal value is about $13.45 billion gross (about $12.45 billion net after an estimated $1.0 billion deferred tax asset), and Gallagher expects ~$160 million in synergies and ~$500 million of integration costs. Gallagher subsequently closed the acquisition in August 2025.
-
December 1, 2024
- Buyer
- Relation Insurance Services
- Target
- Forest Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Relation Insurance Services acquired the assets of Forest Insurance Agency, Inc., effective December 1, 2024. The transaction brings Forest's Forest Park, Illinois office and client relationships into Relation's platform to expand its geographic footprint and service offerings; terms were not disclosed.
-
November 19, 2024
- Buyer
- Alpine Intel
- Target
- TechLoss Consulting & Restoration
- Seller
- Robert Karbin
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Alpine Intel has acquired TechLoss Consulting & Restoration, a national specialty consulting and restoration provider that specializes in complex electronic and property damage assessments. The deal adds TechLoss's technical electronic-loss mitigation capabilities to Alpine Intel's insurance solutions portfolio, enhancing services for commercial and high-net-worth residential claims across the United States.
-
November 18, 2024
- Buyer
- LTC Global, Inc.
- Target
- Capitas Financial Midwest (Capitas Financial of Illinois, LLC and Capitas Midwest, LLC)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
LTC Global, Inc. has acquired Capitas Financial Midwest (Capitas Financial of Illinois, LLC and Capitas Midwest, LLC), a member agency with offices in Lisle, Illinois and Milwaukee, Wisconsin. The Capitas Financial Midwest business will continue to be managed by founding member George R. Gore, Jr., and will join LTC Global's group of agency subsidiaries to expand its distribution footprint across the Northern Midwest and Mountain regions.
-
October 7, 2024
- Buyer
- AssuredPartners
- Target
- CoyleKiley Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
AssuredPartners (AP), a global insurance brokerage based in Orlando, Florida, has acquired CoyleKiley Insurance Agency, Inc., a Rockford, Illinois-based broker of property & casualty, employee benefits, personal lines and life insurance solutions. The CoyleKiley team will remain under agency president Dana Kiley and the deal expands AssuredPartners' footprint in its Great Lakes Region.
-
September 5, 2024
- Buyer
- A-G Specialty Insurance
- Target
- Bollinger TPA Services
- Seller
- Arthur J. Gallagher & Co.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Divestiture
A-G Specialty Insurance has acquired Gallagher's Bollinger TPA Services from Arthur J. Gallagher & Co., expanding A‑G's capabilities and footprint in student-athlete and K–12 student accident insurance. The deal transfers Bollinger TPA's portfolio, clients and employees to A‑G and is intended to deepen the companies' partnership while ensuring a smooth transition for clients and staff.
-
September 4, 2024
- Buyer
- EPIC Insurance Brokers & Consultants
- Target
- Phillips Bros. Insurance Agency, LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
EPIC Insurance Brokers & Consultants has acquired Phillips Bros. Insurance Agency, a fifth-generation, Chicago-based multi-line insurance firm focused on private client and commercial property & casualty solutions. The deal expands EPIC's Midwest and Chicago presence and strengthens its private client and commercial practices by adding the Phillips Bros. team and their local capabilities to EPIC's national platform.
-
- Buyer
- Marsh McLennan Agency
- Target
- The Horton Group, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Marsh McLennan Agency (a subsidiary of Marsh) has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Orland Park, Illinois. Horton’s approximately nine offices and employees (including CEO Dan Horton) will join Marsh McLennan Agency and continue operating locally; the deal is expected to close in the third quarter of 2024 and terms were not disclosed.
-
- Buyer
- Relation Insurance Services
- Target
- H Group Benefits, Inc.
- Seller
- H Group Benefits, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Relation Insurance Services acquired the assets of H Group Benefits, Inc., effective June 30, 2024; terms were not disclosed. H Group Benefits (based in Northbrook, Illinois) will operate as part of Relation’s Employee Benefits consulting practice with David Heller continuing to manage the Northbrook office. Relation is a PE‑backed insurance brokerage (backed by Aquiline Capital Partners) expanding its geographic footprint and benefits capabilities.
-
June 28, 2024
- Buyer
- iA American Holdings, Inc., iA Financial Corporation (iA Financial Group)
- Target
- Vericity, Inc.
- Seller
- J.C. Flowers & Co., Vericity stockholders
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
iA American Holdings, Inc., a subsidiary of iA Financial Corporation (iA Financial Group), completed an all-cash acquisition of Vericity, Inc. for approximately $170 million, paying Vericity stockholders $11.43 per share. The purchase brings Vericity’s direct-to-consumer life insurance businesses (Fidelity Life and eFinancial) into iA’s operations, expanding iA’s U.S. presence and capabilities in life insurance distribution and digital underwriting.
-
June 7, 2024
- Buyer
- DOXA Insurance
- Target
- CPH Insurance
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
DOXA Insurance has acquired CPH Insurance, a Chicago-based specialty managing general agent (MGA) that provides professional liability products for mental health, allied health and healthcare professionals. The acquisition (closed June 7, 2024) expands DOXA's presence in the mental health and allied-health insurance market and brings CPH's digital underwriting and distribution capabilities into DOXA's centralized support platform.
-
- Buyer
- Inszone Insurance Services
- Target
- ISU Coverall Insurance Group
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Inszone Insurance Services has acquired ISU Coverall Insurance Group, a Chicago-area full-service insurance broker, to deepen its presence in the Chicago market and expand client access to carriers and resources. Founder Casey Brennan will join the Inszone team as part of the transaction, and clients will continue to receive local, personalized service backed by Inszone's broader platform.
-
January 12, 2024
- Buyer
- Keystone Agency Partners
- Target
- LifeQuotes, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Keystone Agency Partners (KAP) acquired LifeQuotes, Inc., an insurtech life insurance price-comparison platform founded in 1984. The acquisition adds LifeQuotes as a Platform Partner to KAP’s portfolio (bringing the total to 20) and expands KAP’s digital distribution and insurtech capabilities.
-
January 4, 2024
- Buyer
- World Insurance Associates LLC
- Target
- TW Group, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
World Insurance Associates LLC acquired the business of TW Group, Inc., an independent insurance agency based in Westmont, Illinois, effective December 31, 2023. The acquisition expands World’s national footprint and adds TWG’s team of experienced insurance professionals across personal, business, life and health lines; terms were not disclosed.
-
December 5, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Hunt Insurance Agency, Inc. (dba Hunt Insurance Group)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) has acquired Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group; terms were not disclosed. Hunt is a retail property/casualty agency specializing in labor unions and associated benefit funds across the Midwest — the Hunt leadership team will remain in place and operate under Gallagher's Midwest region retail property/casualty brokerage led by Ryan Isaacs.
-
November 9, 2023
- Buyer
- Specialty Program Group LLC (SPG)
- Target
- Insurance Allies LLC
- Seller
- Insurance Allies LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Specialty Program Group LLC (SPG) has acquired the assets of Insurance Allies LLC, the operator of AxeThrowingInsurance.com and related niche insurance brands. The acquisition brings Insurance Allies' tailored sports and entertainment coverage (serving ~700 venues) into SPG’s specialty insurance platform to expand its capabilities in sports, entertainment and recreational venue insurance.
-
Relation Insurance Services Acquires Assets of North Shore Benefit Partners and HR Virtual SolutionsNovember 6, 2023
- Buyer
- Relation Insurance Services, Inc.
- Target
- North Shore Benefit Partners Corporation, HR Virtual Solutions, LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Relation Insurance Services, Inc. acquired the assets of North Shore Benefit Partners Corporation and HR Virtual Solutions, LLC, expanding Relation’s employee benefits practice in Illinois. The two Chicagoland-based firms will join Relation’s Great Lakes Region, with their principals continuing to lead their respective practices; terms were not disclosed.
-
November 1, 2023
- Buyer
- OneDigital
- Target
- Crum-Halsted Agency
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
OneDigital has acquired Crum-Halsted Agency, a nearly 100-year-old property & casualty insurance and risk management firm headquartered in Sycamore, Illinois. The transaction brings Crum-Halsted’s five Illinois offices, a 55-person team and roughly 9,000 personal and business clients onto OneDigital’s national insurance, financial services and HR platform to expand P&C capabilities and local service in the Chicago/Northern Illinois region.
-
October 30, 2023
- Buyer
- Ryan Specialty
- Target
- AccuRisk Holdings, LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire AccuRisk Holdings, a Chicago-headquartered medical stop loss managing general underwriter (MGU) founded in 2017. AccuRisk generated approximately $25 million of revenue for the 12 months ended July 31, 2023; the transaction, terms undisclosed, is expected to close in December 2023 and will expand Ryan Specialty's employee benefits capabilities and product depth.
-
August 8, 2023
- Buyer
- Risk Strategies
- Target
- IZALE Financial Group, LLC
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Risk Strategies, a national specialty insurance brokerage, has acquired IZALE Financial Group, LLC, an executive benefits and financial services advisory firm based in Elgin, Illinois. The acquisition is intended to expand Risk Strategies' capabilities in executive compensation, bank and credit union insurance solutions, and wealth liquidity advisory services; terms were not disclosed.
-
July 18, 2023
- Buyer
- Evertas
- Target
- Bitsure
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Evertas, a cryptoasset insurance company, acquired Bitsure, a specialist insurer focused on crypto mining operations. The deal brings Bitsure’s mining underwriting expertise and key personnel into Evertas and expands Evertas’ capacity to offer mining policies (up to $200 million per location) to miners and other blockchain infrastructure clients.
-
- Buyer
- American Financial Group, Inc. (AFG)
- Target
- Crop Risk Services (CRS)
- Seller
- American International Group (AIG)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
American Financial Group (AFG) completed its acquisition of Crop Risk Services (CRS) from American International Group (AIG). CRS is a primary crop insurance general agent based in Decatur, Illinois, and AFG’s Great American Insurance Group expects the acquisition to fit within its multi-peril crop insurance operations.
-
- Buyer
- First Mid Insurance Group, First Mid Bancshares, Inc.
- Target
- Purdum-Gray-Ingledue-Beck (PGIB) Insurance and Investments Agency
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
First Mid Insurance Group (FMIG), the insurance arm of First Mid Bancshares, acquired Purdum‑Gray‑Ingledue‑Beck (PGIB) Insurance and Investments Agency, a long-established Macomb, Illinois insurance agency. The deal expands First Mid’s insurance capabilities and vertical expertise (notably healthcare and hospitality) while broadening its Midwest presence and client relationships.
-
April 28, 2023
- Buyer
- Leonard Green & Partners, L.P.
- Target
- Hub International Limited
- Seller
- Existing equity holders
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Growth capital
Leonard Green & Partners will make a substantial minority investment in Hub International Limited, valuing the insurance broker at about $23 billion. The funding will provide liquidity to existing equity holders while Hellman & Friedman remains the controlling shareholder and Altas Partners remains a significant minority owner.
-
January 30, 2023
- Buyer
- Near North Title Group
- Target
- O'Connor Title Guaranty
- Seller
- O'Connor Title Guaranty, John O'Connor (CEO / selling shareholder)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Near North Title Group has acquired O'Connor Title Guaranty, a 20-year-old Chicago-based title insurance agency serving the Chicagoland and Southern Illinois commercial and residential markets. Britehorn Partners served as exclusive investment bank to O'Connor Title in the transaction, which expands Near North's footprint and service capabilities in the Midwest.
-
- Buyer
- The Reynolds and Reynolds Company
- Target
- American Guardian Warranty Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
The Reynolds and Reynolds Company has agreed to acquire American Guardian Warranty Services (AGWS), a provider of vehicle service contracts, limited warranties and F&I administration services. The acquisition will integrate AGWS's warranty and aftermarket administration capabilities into Reynolds' dealership software and retailing tools to streamline F&I product sales and contract booking.
-
December 15, 2022
- Buyer
- Evertree Insurance
- Target
- Gnade Insurance Group
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Evertree Insurance, a technology-enabled personal lines insurance distribution platform backed by Integrum Holdings, has acquired Gnade Insurance Group, a 27-person independent agency based in Frankfort, Illinois. The acquisition brings Gnade's ~4,600 clients and 20+ carrier appointments onto the Evertree platform as an add-on to expand distribution and deploy Evertree's tools and technology.
-
December 7, 2022
- Buyer
- PCF Insurance Services
- Target
- Direct Dealer Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
PCF Insurance Services, a top-20 U.S. insurance brokerage based in Lehi, Utah, has acquired Direct Dealer Services (DDS), an automotive finance & insurance (F&I) firm headquartered in Hoffman Estates, Illinois. The acquisition expands PCF's F&I capabilities and product offerings for dealer, agent and lender partners; terms were not disclosed.
-
November 7, 2022
- Buyer
- EPIC Insurance Brokers & Consultants, Vanbridge Life and Executive Benefits (an EPIC company)
- Target
- Larry Gordon Agency
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
EPIC Insurance Brokers & Consultants, through its Vanbridge Life and Executive Benefits division, has acquired the Larry Gordon Agency to expand its Midwest footprint across life insurance, executive benefits, and financial advisory distribution. Larry Gordon Agency will continue to serve clients from its Chicago and Rockford, Illinois offices and its current leadership team will remain in place.
-
September 19, 2022
- Buyer
- Acrisure
- Target
- B2Z Insurance
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Acrisure has acquired B2Z Insurance, a digitally native broker that helps small businesses obtain customizable coverage online. The deal expands Acrisure’s digital marketplace and small-business insurance capabilities by integrating B2Z’s data-driven quoting and customer experience technology into Acrisure’s platform.
-
September 12, 2022
- Buyer
- Brown & Brown of Illinois, Inc. (a subsidiary of Brown & Brown, Inc.), Brown & Brown, Inc.
- Target
- VistaNational Insurance Group, Inc.
- Seller
- Kahlil Hogan, Thomas Mathew, Richard Mathews, William Novak, David N. Schwimmer, Brian Walsh
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Brown & Brown of Illinois, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of VistaNational Insurance Group, Inc. The VistaNational team will continue to operate from its Oak Brook, Illinois office and will join Brown & Brown's Retail segment; founder and CEO David N. Schwimmer is retiring.
-
September 6, 2022
- Buyer
- Senior Market Sales (SMS)
- Target
- Medicare Solutions Network
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Senior Market Sales (SMS), an insurance marketing organization and part of the Alliant family, has acquired Medicare Solutions Network, a Lisle, Illinois-based Medicare insurance agency known for its popular educational Medicare workshops. The deal brings Medicare Solutions Network onto SMS’s platform to leverage SMS’s technology, back-office support and carrier relationships to expand reach in the Chicago-area senior market.
-
- Buyer
- Health Care Service Corporation (HCSC)
- Target
- Trustmark Health Benefits
- Seller
- Trustco Holdings, Inc. (Trustmark), Trustmark Mutual Holding Company
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Health Care Service Corporation (HCSC) has signed a definitive agreement to acquire Trustmark Health Benefits, the third-party administrator subsidiary of Trustco Holdings/Trustmark, to expand HCSC’s capabilities serving self-funded employers. The deal — subject to customary closing conditions and regulatory approvals — will integrate Health Benefits’ customizable plan design, claims administration and data-driven services into HCSC’s offerings while Trustmark refocuses on other growth markets.
-
- Buyer
- Marsh McLennan Agency
- Target
- CS Insurance Strategies, Inc.
- Seller
- Charles Smith (Founder & CEO)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Marsh McLennan Agency (MMA) has acquired CS Insurance Strategies, a Chicago-based, minority-owned insurance brokerage founded in 2009 by Charles Smith. The acquisition (terms undisclosed) brings CS Insurance Strategies' ten employees into MMA and strengthens MMA's capabilities and presence in the Midwest, particularly in employee benefits, business insurance and risk management for municipal, non-profit and minority-owned clients.
-
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Hruska Insurancenter, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Arthur J. Gallagher & Co. acquired Mokena, Illinois-based Hruska Insurancenter, a retail property/casualty insurance brokerage focused on commercial real estate and personal lines. Charles J. Hruska, III and his team will continue to operate from the Mokena office under the direction of Gallagher's Midwest region retail property/casualty leadership; terms were not disclosed.
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Frequently Asked Questions
What types of insurance acquisitions are most common in Illinois?
Illinois deals shown here include acquisitions of insurance agencies and brokers, plus moves that expand underwriting and risk-management capabilities (including specialty lines and stop-loss).
Which buyers appear repeatedly across these Illinois transactions?
Recurring names include Relation Insurance Services, Hub International Limited, Inszone Insurance Services, Arthur J. Gallagher & Co., and AssuredPartners, Inc. (among others listed on the page).
Do the deals focus only on brokerage, or do they include underwriting and specialty risk?
They include both. Examples range from broker/agency acquisitions to underwriting-related activity, such as Flexpoint Ford, LLC closing a continuation vehicle for SageSure LLC and specialty-line expansion like cyber liability.
Are employee benefits and stop-loss part of the Illinois deal landscape here?
Yes. The page includes Nationwide acquiring The Allstate employer stop loss segment and Horace Mann Educators Corporation adding supplemental insurance and employee assistance through its Illinois-area acquisitions.
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