M&A Deal Summary |
|
|---|---|
| Date | 2021-09-08 |
| Target | Propel Insurance |
| Sector | Insurance |
| Buyer(s) | Alera Group |
| Sellers(s) | Flexpoint Ford |
| Deal Type | Merger |
| Advisor(s) | Barclays Investment Bank (Financial) Levenfeld Pearlstein Kirkland & Ellis (Legal) |
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Alera Group is an independent insurance and wealth management firm?offering comprehensive employee benefits, property and casualty, retirement services, and wealth management solutions to clients nationwide. Alera Group was founded in 2016 and is based in Deerfield, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 96 of 136 |
| Sector (Insurance) | 85 of 113 |
| Type (Merger) | 1 of 1 |
| State (Washington) | 3 of 4 |
| Country (United States) | 96 of 136 |
| Year (2021) | 11 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-30 |
Sitzmann Morris & Boyle
Lafayette, California, United States SMB is a financial services agency providing wealth-preserving strategies and life insurance products and services nationwide. SMB was founded in 1965 and is based in Lafayette, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-15 |
Fendley Benefits
Flagstaff, Arizona, United States Fendley Benefits is an employee benefits firm that focuses on cost management, compliance, HR support, technology, and employee advocacy. The company prioritizes innovative cost management strategies, direct client service and offers an array of products and solutions to employers and employees alike. Fendley Benefits is based in Flagstaff, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Focused |
Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 21 |
| Sector (Insurance) | 4 of 5 |
| Type (Merger) | 1 of 1 |
| State (Washington) | 2 of 2 |
| Country (United States) | 19 of 21 |
| Year (2021) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-05 |
PayFacto
Verdun, Quebec, Canada PayFacto provides payment processing and point-of-sale (POS) systems focused on the hospitality market. The Company enables merchants of all shapes and sizes to take control of their electronic transactions. With its own proprietary payment gateway and SaaS point-of-sale technology, PayFacto offers a differentiated suite of integrated payment and POS solutions supported locally through its extensive network of hundreds of distributors and resellers. PayFacto was founded in 2018 and is based in Verdun, Quebec. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-08 |
Clearstead
Cleveland, Ohio, United States Clearstead is an operator of institutional and private wealth management firm that provides financial solutions, prominent endowments, foundations, hospitals, and other institutions with objective and high-quality investment advisory services. Clearstead was founded in 1989 and is based in Cleveland, Ohio. |
Buy | - |
