M&A Deal Summary

AmWINS Acquires Worldwide Facilities

On March 5, 2021, AmWINS acquired insurance company Worldwide Facilities from Genstar Capital

Acquisition Highlights
  • This is AmWINS’s 28th transaction in the Insurance sector.
  • This is AmWINS’s 29th transaction in the United States.
  • This is AmWINS’s 8th transaction in California.

M&A Deal Summary
Date 2021-03-05
Target Worldwide Facilities
Sector Insurance
Buyer(s) AmWINS
Sellers(s) Genstar Capital
Deal Type Add-on Acquisition
Advisor(s) Waller Helms Advisors LLC (Financial)

Target

Worldwide Facilities

Los Angeles, California, United States
Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

AmWINS

Charlotte, North Carolina, United States
Category Company
Founded 1998
Sector Insurance
DESCRIPTION

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 31 of 36
Sector (Insurance) 28 of 33
Type (Add-on Acquisition) 28 of 32
State (California) 8 of 8
Country (United States) 29 of 34
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 International Specialty Brokers

Hamilton, Bermuda

International Specialty Brokers Ltd. is a P&C wholesale insurance/reinsurance broker. International Specialty Brokers was founded in 2012 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Equisure

Aurora, Colorado, United States

Equisure specializes in insurance for equine and canine risks. Equisureteam works to ensure the proper insurance coverage is provided for owners, clubs, and related associations for their highly specialized needs. Equisure is based in Aurora, Colorado.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 52 of 60
Sector (Insurance) 6 of 6
Type (Add-on Acquisition) 17 of 18
State (California) 11 of 11
Country (United States) 47 of 54
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Infinite Electronics

Irvine, California, United States

Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. Enverus was founded in 1999 and is based in Austin, Texas.

Sell -
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