M&A Deal Summary

One80 Intermediaries Acquires SelmanSelmanCo

On July 6, 2022, One80 Intermediaries acquired insurance company SelmanSelmanCo

Acquisition Highlights
  • This is One80 Intermediaries’ 17th transaction in the Insurance sector.
  • This is One80 Intermediaries’ 18th transaction in the United States.
  • This is One80 Intermediaries’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2022-07-06
Target SelmanSelmanCo
Sector Insurance
Buyer(s) One80 Intermediaries
Deal Type Add-on Acquisition
Advisor(s) Dowling & Hales (Financial)
Jones Day (Legal)

Target

SelmanSelmanCo

Cleveland, Ohio, United States
website
SelmanCo is a privately-held US life and supplemental health insurance administration firm specializing in reducing cost and increasing efficiency for associations, credit unions, banks, employers, and insurance companies. SelmanCo is headquartered in Cleveland, OH, with offices in Keene, NH and Baltimore, MD.

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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 19 of 27
Sector (Insurance) 17 of 24
Type (Add-on Acquisition) 18 of 26
State (Ohio) 3 of 3
Country (United States) 18 of 26
Year (2022) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 1-800MD

Charlotte, North Carolina, United States

1-800MD provides specialized telemedicine services for individuals, families, employers, and groups. 1-800MD was founded in 2009 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 National Insurance Agency

Simpsonville, Kentucky, United States

National Insurance Agency provides life and disability insurance products to thousands of attorneys, certified public accountants, dentists, and physicians throughout the state of Kentucky as well as Arkansas. NIA offers insurance solutions that are not available through the standard market, addressing disability income concerns, participation limits, underwriting restrictions, and post-term life insurance renewals. NIA is based in Simpsonville, Kentucky.

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Mergr

Product

Company

Legal