Operating Company Healthcare

Independence Pet Holdings

New York, New York, United States

Corporate holding company that manages a multi-brand, omni-channel portfolio of pet health brands and services across North America, including pet insurance, pet education, and lost recovery services (with an insurance carrier and partner brands).

Focus Areas
Pet insurance, Pet health & wellness services, Lost recovery services

Tracked deals

5

5 tracked deals across 2021-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 addon

Independence Pet Holdings Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Independence Pet Holdings. 1 2021 2 2022 1 2023 1 2024

Supporting Data

Recent Transactions

  • Buyer
    Independence Pet Holdings, Inc.
    Target
    Spot Pet Insurance
    Industry
    Insurance
    Type
    Buyout

    Independence Pet Holdings has acquired a majority interest in Spot Pet Insurance, a U.S. and Canada pet insurance brand. IPH previously invested in Spot in 2022 and currently handles Spot's underwriting, customer service, claims, and other administrative functions.

  • Buyer
    Independence Pet Group
    Target
    Felix (Felix Cat Insurance)
    Seller
    The Connected Pet Company (The Connected Pet Company, LLC)
    Industry
    Insurance
    Type
    Buyout

    Independence Pet Group (IPG) has agreed to acquire Felix, a U.S. cat-only pet insurance brand created and operated by The Connected Pet Company. The acquisition expands IPG's portfolio and capabilities to better serve the fast-growing cat pet insurance market and is expected to close in H2 2023 subject to customary approvals.

  • Buyer
    Independence Pet Group
    Target
    Crum & Forster Pet Insurance Group, Pethealth Inc.
    Seller
    Fairfax Financial Holdings Limited
    Industry
    Insurance
    Type
    Buyout

    Independence Pet Group (IPG) has completed the acquisition of Fairfax Financial’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., bringing multiple pet insurance brands and pet-wellbeing services onto IPG's platform. The deal expands IPG’s footprint in the United States and Canada and increases its scale across insurance brands, shelter services and pet registry capabilities.

  • Buyer
    JAB Holding Company
    Target
    Crum & Forster Pet Insurance Group (C&F Pet), Pethealth Inc.
    Seller
    Fairfax Financial Holdings Limited
    Location
    United States
    Type
    Buyout

    JAB Holding Company’s pet insurance business has agreed to acquire all of Fairfax Financial’s interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., including their worldwide operations. As part of the deal, Fairfax will receive $1.4 billion (including $1.15 billion cash and $250 million in seller notes) and will also invest $200 million in JAB’s JCP V consumer fund.

  • Buyer
    Independence Pet Holdings (formerly Iguana Capital), JAB's U.S. pet insurance platform, PetPartners (consumer-facing platform, post-close acquirer/parent of Figo)
    Target
    Figo Pet Insurance
    Industry
    Insurance
    Type
    Addon

    JAB’s U.S. pet insurance platform, Independence Pet Holdings (formerly Iguana Capital), has entered into a definitive agreement to acquire Figo, a leading U.S. pet insurance provider. As part of the deal, Figo shareholders will roll a portion of their equity interests into PetPartners, and Figo will become a wholly-owned subsidiary of PetPartners after closing, which is expected by year-end.

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