M&A Deal Summary

777 Partners Acquires First Trinity Financial

On April 27, 2023, private equity firm 777 Partners acquired insurance company First Trinity Financial

Acquisition Highlights
  • This is 777 Partners’ 8th transaction in the Insurance sector.
  • This is 777 Partners’ 23rd transaction in the United States.
  • This is 777 Partners’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2023-04-27
Target First Trinity Financial
Sector Insurance
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Oppenheimer & Co. (Financial)

Target

First Trinity Financial

Tulsa, Oklahoma, United States
website
First Trinity is an insurance holding company emphasizing annuity contracts and ordinary life insurance products in niche markets. First Trinity Financial was founded in 2004 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.


DEAL STATS #
Overall 46 of 46
Sector (Insurance) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 36 of 36
State (Oklahoma) 1 of 1
Country (United States) 23 of 23
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Air Black Box

Manchester, United Kingdom

Air Black Box is a travel technology company dedicated to transforming the travel selling process through decades of domain expertise, patented integration technology and a vision for innovation. Air Black Box’s industry-first comprehensive travel connection platform enables airlines, airports and travel providers to expand their market footprint, boost passenger volume, increase core and ancillary revenue, and create new sales opportunities by efficiently and cost-effectively facilitating the cross-selling, distribution and fulfillment of travel products and services. Air Black Box was founded in 2013 and is based in Manchester, England.

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