Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Inszone Acquires Sanfilippo & Sons in California
Sep 28 2023 // Inszone Insurance Services acquired Sanfilippo & Sons Insurance Services LLC in San Jose, California. Sanfilippo & Sons was founded in 1960 by Roy Sanfilippo. Founded in 2002 and headquartered in Sacramento,...
Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source
Sep 27 2023 // Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person...
ALKEME Acquires The F&I Agency in California
Sep 27 2023 // ALKEME acquired the F&I Agency in Thousand Oaks, California. The F&I Agency serves the Western U.S. Based in Ladera Ranch, CA, and backed by GCP Capital Partners, ALKEME provides property/casualty, benefits,...
Federal Judge Rejects Law Firm’s Claim for Hurricane Damage Lawsuit Fees, Citing Illegal Client Acquisition
Sep 26 2023 // A federal judge rejected a request by McClenny Moseley & Associates to claim an interest in legal fees and expenses from a hurricane damage lawsuit, saying the law firm obtained its clients illegally by using a...
Oakbridge, Built on Southeast Acquisitions, Has Been Acquired by Private Equity Firm
Sep 26 2023 // Oakbridge Insurance Agency, known for its rapid growth and acquisition of agencies across the Southeast in recent years, has itself been purchased by a private equity firm. Audax Private Equity, which calls itself a...
James River Sells Individual Risk Workers Comp Renewal Rights to Amynta Group
Sep 26 2023 // James River Group Holdings Ltd. said some of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers Compensation (IRWC) business to Amynta Group. The transaction...
Ares Management Provides £1 Billion of Loans for UK Insurance Merger
Sep 26 2023 // Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter. Ardonagh...
Arthur J. Gallagher Acquires Hartley Cylke Pacific Insurance Services in California
Sep 26 2023 // Arthur J. Gallagher & Co. acquired Hartley Cylke Pacific Insurance Services Inc. in San Diego, California. Michael Hartley, John Cylke, James Hawes and their team will remain in their current location under the...
Aviva Agrees to Acquire AIG’s UK Protection Business for $563 Million
Sep 25 2023 // Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the largest acquisition to date by the British insurer’s CEO Amanda Blanc. Aviva said it would...
World Insurance Associates Acquires Cindy Elbert Insurance Services in Arizona
Sep 25 2023 // World Insurance Associates LLC acquired Cindy Elbert Insurance Services Inc. of Peoria, Arizona. Cindy Elbert Insurance Services was founded in 1982 to offer professional services designed to assist ambulance providers...
Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet
Sep 22 2023 // Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis. The...
Arthur J. Gallagher Acquires Ace Commercial in California
Sep 22 2023 // Arthur J. Gallagher & Co. acquired Corona, California-based Ace Commercial Insurance Center. Jackie Hoang, Anhdy Nguyen and their team will remain in their current location under the direction of Scott Firestone, head...
Risk Strategies Acquires Texas’ orchestrateHR Inc.
Sep 21 2023 // Risk Strategies, announced that it has acquired human resources and employee benefits specialist orchestrateHR Inc. and its affiliate, Ebenconcepts Company . and its affiliate, (doing business as eBen Benefits). Also...
Openly Secures $100 Million in Series D Funding
Sep 21 2023 // Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient...
Gallagher Buys Massachusetts-based Eastern Insurance
Sep 21 2023 // Arthur J. Gallagher & Co., the global insurance brokerage, has agreed to acquire Massachusetts-based Eastern Insurance Group, a subsidiary of Eastern Bank, Gallagher announced. The move is subject to regulatory...
Independence Pet Group to Acquire Cat Insurance Brand Felix in Arizona
Sep 19 2023 // Independence Pet Group completed of its acquisition of Felix Cat Insurance, a pet insurance brand for cats. The deal is subject to customary closing conditions, including various regulatory approvals, and is expected to...
Origami Risk Acquires Illinois’ Dais Technology
Sep 18 2023 // Origami Risk announced it has acquired Chicago, Illinois-based Dais Technology, a provider of no-code insurance technology. The acquisition increases Dais’ market reach and client support capabilities and expands...
Kapnick Insurance Acquires Michigan Group Benefits
Sep 15 2023 // Kapnick Insurance, an insurance provider with over 75 years of experience, announced the acquisition of Michigan Group Benefits. This transaction represents a significant milestone in Kapnick Insurance’s growth...
Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy
Sep 15 2023 // The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance...
One80 Acquires Texas’ Enviant
Sep 14 2023 // One80 Intermediaries, a specialty insurance broker headquartered in Boston, announced that it has acquired the assets of Enviant from Euclid Program Managers. Marsh, Berry & Company was the exclusive financial advisor...
