Towergate - M&A Summary and Business Overview

Financial ServicesCompany

Towergate M&A Summary

Towergate has acquired 4 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Towergate’s largest acquisition to date was in 2007, when it acquired Open GI for $425M. The Company’s most targeted sectors include insurance (100%).

Towergate Business Overview

Where is Towergate headquartered?

Towergate is headquartered in London, United Kingdom.

How many employees does Towergate have?

Towergate has 5,000 employees.

What sector is Towergate in?

Towergate is a financial services company.

When was Towergate founded?

Towergate was founded in 1997.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Towergate

Towergate Insurance Brokers

2 Minster Court, Mincing Lane,
London, EC3R 7PD
United Kingdom,
www.towergate.com

Towergate is a provider of specialist personal and commercial insurance products to individuals and small and medium-sized enterprises (SMEs). Towergate was founded in 1997 and is based in London, United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $425M $425M
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
Open GI Ltd. 2014-08-18 - Divestiture
Warndon, United Kingdom · www.opengi.co.uk
Harry Fort Insurance Brokers Ltd. 2012-06-25 - Add-on Acquisition
Sherborne, United Kingdom · www.harryfort.co.uk
Rixon Matthews Appleyard Ltd 2009-10-20 - Add-on Acquisition
Kingston Upon Hull, United Kingdom · www.rixonsfinancial.co.uk
Paymentshield Ltd. 2007-11-09 - Add-on Acquisition
Southport, United Kingdom · www.paymentshield.co.uk
Open GI Ltd. 2007-09-01 425M GBP Add-on Acquisition
Warndon, United Kingdom · www.opengi.co.uk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (100%) 425M (100%) 1 (100%) -
Total 4 $425M 1 -

By Geo

State/Country Buy Value Sell Value
United Kingdom 4 425M 1 -
Total 4 $425M 1 -

Deal Values

buy # Total
$100M to $1B 1 $425M
TOTAL $425M
Largest Open GI Ltd.
$425M (2007-09-01)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Investor(s)
100%
1 (100%)

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