Prepared Holdings, LLC (PHLLC), the parent company of a consolidated group of companies writing personal homeowners’ lines of business in Florida and Louisiana, announced its Board of Managers has authorized a review of strategic alternatives for the company.
The Board of Managers and a key investor committee will review the strategic alternatives and potential opportunities. Stonybrook Capital, an affiliate of FINRA-member Weild & Co., has been retained as the exclusive financial adviser to the company.
PHLLC said it does not plan to make any further statements regarding the process unless and until a definitive agreement has been reached or until the process of exploring strategic alternatives has ended.
Prepared Insurance Company (PIC) is the primary operating company of PHLLC, headquartered in Tampa, Florida. Founded in 2009, the company reported total written premiums of $70M in 2015
Stonybrook Capital LLC is a specialist strategic advisory and investment banking firm focused exclusively on the insurance industry. Stonybrook’s relationships include insurers, reinsurers, agents, brokers, managing general underwriters, asset managers, private equity firms, hedge funds and alternative asset managers. Securities transactions are executed through Weild & Co., member FINRA | SIPC.
Topics Florida
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