M&A Deal Summary

Novatae Acquires BWI

On March 12, 2024, Novatae acquired insurance company BWI

Acquisition Highlights
  • This is Novatae’s 2nd transaction in the Insurance sector.
  • This is Novatae’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-03-12
Target BWI
Sector Insurance
Buyer(s) Novatae
Deal Type Add-on Acquisition
Advisor(s) Temple Bright (Legal)

Target

BWI

London, United Kingdom
website
BWI is a specialized insurance broker, focusing on open market and program placements, covering complex contingency, accident, health, cyber, professional liability, management risk, and general liability. BWI was founded in 2015 and is based in London, England.

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Buyer(S) 1

Buyer

Novatae

Dallas, Texas, United States

website

Category Company
Sector Insurance
DESCRIPTION

Novatae is a full-service wholesale insurance brokerage, managing general agency and program manager providing brokers and their clients with specialty insurance products and services for complex and hard-to-place risks across property, casualty, workers’ compensation, cyber, professional, management, construction, environmental, garage, inland marine/ocean marine and more. Novatae is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 American Management Corp

Conway, Arizona, United States

American Management Corp. (AMC) is a specialized national managing general agency that develops a nationwide program for service stations and then for fuel marketers. American Management Corpis based in Conway, Arizona.

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Product

Company

Legal