Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Bankrupt Steward Health Care Sells Physician Network as Massachusetts Hospital Seized
Aug 19 2024 // Bankrupt hospital operator Steward Health Care received a bankruptcy judge’s approval on Friday to sell its nationwide physician network to a private equity buyer while its stalled efforts to sell Massachusetts...
PCF Acquires Asset Insurance Agency in Massachusetts
Aug 15 2024 // Utah-based PCF Insurance Services reports it has acquired the insurance business of Asset Insurance Agency, based in Peabody, Massachusetts. Asset Insurance Agency sells auto, home, commercial and life insurance in...
ALKEME Acquires Dunhill Marketing and Insurance Services in California
Aug 14 2024 // ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on...
Insurance Broker NFP Acquires Orca Financial Group in Ireland
Aug 13 2024 // NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The...
Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
Aug 13 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during...
PCF Insurance Services Acquires DLD Insurance Brokers in California
Aug 12 2024 // PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device...
Palomar Plans Public Offering to Fund $25M Acquisition of Surety Bonds Specialist FIA
Aug 9 2024 // La Jolla, California-based Palomar Holdings, Inc. reports it is buying First Indemnity of America Insurance Co. (FIA), a Morris Plains, New Jersey domiciled insurance carrier specializing in surety bonds for small to...
Hub International Acquires Southern Colorado Insurance
Aug 9 2024 // Hub International Ltd. acquired the assets of SCIC LLC (Southern Colorado Insurance) in Colorado Springs, Colorado. Debbie Klisch, owner, and Andrew Klisch, president, and the Southern Colorado Insurance team will join Hub...
Warner Pacific Acquires Texas’ Ashmore Agency
Aug 8 2024 // Warner Pacific announced it has completed its acquisition of the General Agency of Ashmore Agency, Inc. Terms of the deal were not disclosed. Founded in 1984 by Elizabeth “Beth” Ashmore and her husband Will...
Legacy Acquirer DARAG to Sell North America, Bermuda Units to Fairfax’s RiverStone
Aug 8 2024 // DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities to the RiverStone Group, a subsidiary of Fairfax Financial Holdings Ltd. The sale,...
King Insurance Partners Acquires Lincoln Group in Georgia
Aug 7 2024 // King Insurance Parnters, based in Gainesville, Florida, continues to expand with the acquisition of Lincoln Insurance Group in McDonough, Georgia. Lincoln is an independent agency that offers auto, home, life and...
Crest Insurance Group Acquires Provost Associates in Arizona
Aug 7 2024 // Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest is an...
Hub Acquires Pennsylvania Commercial Lines Agency IMC
Aug 6 2024 // Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC). Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to...
New Hampshire’s HPM Insurance Acquires Insurance Savers
Aug 6 2024 // HPM Insurance of Amherst, New Hampshire reports it has acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton. The purchase of Insurance Savers Agency...
Singapore Monetary Authority Defends Allianz’s $1.7B Plan to Buy Income Insurance
Aug 6 2024 // Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would be held to account on its commitments and that the potential deal isn’t expected...
Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners
Aug 2 2024 // Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common...
Marsh McLennan Agency Completes Acquisition of Illinois’ The Horton Group
Aug 2 2024 // Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced...
J&J MGA Acquires Georgia-Based Strickland General Agency
Aug 2 2024 // Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as...
BNP Paribas in Talks to Buy AXA Investment Managers for €5.1 Billion
Aug 2 2024 // BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For...
Howden to Acquire Allianz UK’s Musical Insurance Book
Aug 1 2024 // Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into...
