M&A Deal Summary

Concentric Equity Partners Acquires Colonial Claims

On January 1, 2019, private equity firm Concentric Equity Partners acquired business services company Colonial Claims from Brown & Brown

Acquisition Highlights
  • This is Concentric Equity Partners’ 5th transaction in the Business Services sector.
  • This is Concentric Equity Partners’ 28th transaction in the United States.
  • This is Concentric Equity Partners’ 6th transaction in Florida.

M&A Deal Summary
Date 2019-01-01
Target Colonial Claims
Sector Business Services
Buyer(s) Concentric Equity Partners
Sellers(s) Brown & Brown
Deal Type Divestiture

Target

Colonial Claims

Dunedin, Florida, United States
Colonial Claims services all types of property and liability claims nationwide, including Wind, Fire, Hail, Flood, Tornado, and Earthquake for Residential and Commercial properties. Colonial Claims provides both field and desk adjusting resources, as well as appraisals, dispute resolution services, mediation and arbitration services, litigation and alternative defense services, and TPA services to many of the largest carriers in the U.S. Colonial Claims was founded in 1982 and is based in Dunedin, Florida.

Search 202,341 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 28 of 42
Sector (Business Services) 5 of 10
Type (Divestiture) 3 of 3
State (Florida) 6 of 7
Country (United States) 28 of 40
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Market Express

Portland, Oregon, United States

Market Express is a provider of asset-based truckload shipping services to the Western U.S. and asset-light intermodal and brokerage services. Market Express was founded in 2016 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 ProVest

Tampa, Florida, United States

ProVest is a provider of outsourced service of process and related services to law firms, leveraging its footprint of more than 2,000 process servers nationwide. Service of process is legally required consumer protection which ensures appropriate notification in legal cases. ProVest was founded in 1991 and is based in Tampa, Florida.

Sell -

Seller(S) 1

SELLER

Brown & Brown

Daytona Beach, Florida, United States
Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.2B USD (2023)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown is a provider of insurance and reinsurance products and services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. Brown & Brown was founded in 1939 and is based in Daytona Beach, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Rodman Insurance Agency

Needham Heights, Massachusetts, United States

Rodman Insurance Agency, Inc. specializes in providing property and casualty insurance products and services to commercial customers in the real estate, habitational, restaurant, and transportation industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Lambert Riddle Schimmel & Company LLLP

Fairfax, Virginia, United States

Lambert, Riddle, Schimmel & Company LLLP provides a wide variety of personal and business insurance products and services to clients in the Mid-Atlantic Region.

Buy -
Mergr

Product

Company

Legal