M&A Deal Summary

One80 Intermediaries Acquires Pearl Insurance

On January 18, 2022, One80 Intermediaries acquired insurance company Pearl Insurance

Acquisition Highlights
  • This is One80 Intermediaries’ 10th transaction in the Insurance sector.
  • This is One80 Intermediaries’ 9th transaction in the United States.
  • This is One80 Intermediaries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-01-18
Target Pearl Insurance
Sector Insurance
Buyer(s) One80 Intermediaries
Deal Type Add-on Acquisition
Advisor(s) MarshBerry Capital, Inc. (Financial)

Target

Pearl Insurance

Peoria Heights, Illinois, United States
website
Pearl Insurance is a broker, third-party administrator, managing general underwriter, and program manager offering professional liability and personal lines insurance, as well as specialty insurance programs for associations and unions.

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Buyer(S) 1

Buyer

One80 Intermediaries

Boston, Massachusetts, United States

website

Category Company
Sector Insurance
DESCRIPTION

One80 Intermediaries is a U.S. insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, financial lines, personal lines, and medical stop-loss risks. One80 Intermediaries is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 27
Sector (Insurance) 10 of 24
Type (Add-on Acquisition) 10 of 26
State (Illinois) 1 of 1
Country (United States) 9 of 26
Year (2022) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 PMC Insurance Group

Bedford, Massachusetts, United States

PMC Insurance Group is an operator of a workers’ compensation wholesale broker and program manager. PMC Insurance Group offers exclusive and semi-exclusive specialty insurance programs in industries that include; healthcare and home health, trucking and transportation, temporary staffing services, construction, maritime, and social service organizations. PMC Insurance Group was founded in 1996 and is based in Bedford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 IRM

Coppell, Texas, United States

Innovative Risk Management is a program manager which provides agents, brokers, and self-insured entities with captive and alternative risk solutions. IRM was founded in 1991 and is headquartered in Coppell, Texas.

Buy -
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