M&A Deal Summary

York Risk Services Group Acquires York Insurance Services Group

On August 3, 2010, York Risk Services Group acquired financial services company York Insurance Services Group from Odyssey Investment Partners

Acquisition Highlights
  • This is York Risk Services Group’s 1st transaction in the Financial Services sector.
  • This is York Risk Services Group’s 1st transaction in the United States.
  • This is York Risk Services Group’s 1st transaction in Maine.

M&A Deal Summary

Date 2010-08-03
Target York Insurance Services Group
Sector Financial Services
Buyer(s) York Risk Services Group
Sellers(s) Odyssey Investment Partners
Deal Type Add-on Acquisition

Target

York Insurance Services Group

Portland, Maine, United States
website
York Insurance is a strong regional property and casualty insurance company. Its strong presence with the New England broker network and its low cost structure made York Insurance one of the top regional players in the insurance industry.

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Buyer(S) 1

Buyer

York Risk Services Group

Parsippany, New Jersey, United States

website


Category Company
Founded 1988
Sector Insurance
DESCRIPTION

York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds.


DEAL STATS #
Overall 1 of 8
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Maine) 1 of 1
Country (United States) 1 of 8
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 Avizent

Dublin, Ohio, United States

Avizent is a regional service providers to the self-insured and high deductible workers’ compensation, GL/PL, auto and other liability markets.

Buy -

Seller(S) 1

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 14 of 33
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Maine) 1 of 1
Country (United States) 13 of 32
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 Wencor Group

Springville, Utah, United States

Wencor Group manufactures, repairs and distributes aircraft parts for operators, repair stations and manufacturers across the globe. Wencor Group provides CMM and DER repairs for components and piece parts. Wencor Group also distributes a wide variety of aftermarket parts including bearings, seals, hardware, filters, electrical components, lighting, and interiors. Wencor Group also provides targeted solutions for both US and foreign militaries. Wencor Group was formed in 1955 and is based in Springville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-29 York Risk Services Group

Parsippany, New Jersey, United States

York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds.

Sell -