Fairfax - M&A Summary and Business Overview

InsuranceCompany

Fairfax M&A Summary

Fairfax has acquired 13 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 5 assets.

Fairfax’s largest acquisition to date was in 2022, when it acquired Atlas for $10.9B. It’s largest disclosed sale occurred in 2020, when it sold RiverStone Europe to CVC Capital Partners for $750M. Fairfax has acquired in 4 different US states, and 7 countries. The Company’s most targeted sectors include insurance (59%) and business services (9%).

Fairfax Business Overview

Where is Fairfax headquartered?

Fairfax is headquartered in Toronto, Ontario.

What is Fairfax’s revenue?

Fairfax disclosed revenue of 25,555M USD for 2021 and 19,844M USD for 2020.

How many employees does Fairfax have?

Fairfax has 15,891 employees.

What sector is Fairfax in?

Fairfax is an insurance company.

When was Fairfax founded?

Fairfax was founded in 1951.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity12
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 8
  • M&A Advisors 6

Fairfax

Fairfax Financial Holdings Ltd.

95 Wellington Street West, Suite 800,
Toronto, Ontario M5J 2N7
Canada,
(416) 367-4941
www.fairfax.ca

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 - - 1 - - 12
vol $6.9B $10.9B $17.8B
Sell (0.6/yr) # 2 1 - 2 - - 5
vol $750M $750M
  17

Most Recent M&A

Company Date Value Type
Atlas Corp. 2022-11-01 10.9B USD Add-on Acquisition
Vancouver, British Columbia · www.atlascorporation.com
United States Fire Insurance Co. 2022-06-20 - Divestiture
Morristown, New Jersey · www.cfins.com
Pethealth, Inc. 2022-06-20 - Divestiture
Oakville, Ontario · www.pethealthinc.com
RiverStone Europe 2020-12-02 750M USD Divestiture
Brighton, United Kingdom · www.rsml.co.uk
Quess Corp Ltd. 2019-08-01 - Stake Purchase
Bengaluru, India · www.quesscorp.com
Stelco Holdings, Inc. 2018-11-19 - Stake Purchase
Hamilton, Ontario · www.stelco.com
Performance Sports Group Ltd. 2017-02-28 - Add-on Acquisition
Exeter, New Hampshire · www.performancesportsgroup.com
Allied World Assurance Company Holdings, AG 2016-12-18 4.9B USD Add-on Acquisition
Zug, Switzerland · www.awac.com
PT Asuransi Multi Artha Guna Tbk 2016-06-27 - Stake Purchase
Jakarta, Indonesia · www.mag.co.id
Rouge Media Group 2016-06-17 - Add-on Acquisition
New York, New York · www.rougemediagroup.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Brit Insurance Ltd. 2015-02-18 Ambridge Partners LLC 2023-01-09 3
London, United Kingdom · www.britinsurance.com New York, New York · www.ambridge-group.com
Brit Insurance Ltd. 2015-02-18 Scion Underwriting Services 2021-07-01 2
London, United Kingdom · www.britinsurance.com Dallas, Texas · www.scionunderwriting.com
Brit Insurance Ltd. 2015-02-18 Commonwealth Insurance Company of America (CICA) 2021-03-08 1
London, United Kingdom · www.britinsurance.com Wilmington, Delaware
Allied World Assurance Company Holdings, AG 2016-12-18 Vault Holdings LLC 2020-11-12 1
Zug, Switzerland · www.awac.com St. Petersburg, Florida · www.vaultinsurance.com

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 7 (58%) 6.9B (39%) 4 (80%) 750M (100%)
Business Services 1 (8%) 10.9B (61%) - -
Consumer Products 1 (8%) - - -
Diversified 1 (8%) - - -
Media 1 (8%) - - -
Metals/Mining 1 (8%) - - -
Food - - 1 (20%) -
Total 12 $17.8B 5 $750M

By Geo

State/Country Buy Value Sell Value
United States 4 - 3 -
  California 1 - 1 -
  New York 1 - - -
  New Hampshire 1 - - -
  Rhode Island 1 - - -
  New Jersey - - 1 -
  Minnesota - - 1 -
Canada 3 11.0B 1 -
  Ontario 2 100M 1 -
  British Columbia 1 10.9B - -
United Kingdom 1 1.9B 1 750M
India 1 - - -
Indonesia 1 - - -
Jordan 1 - - -
Switzerland 1 4.9B - -
Domestic 3 (25%) 11.0B (62%) 1 (20%) -
Cross-border 9 (75%) 6.8B (38%) 4 (80%) 750M (100%)
Total 12 $17.8B 5 $750M

Top M&A Advisors

Financial Deals
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
1
Rothschild Global Advisory
1
BDT & Co. LLC
1
Legal Deals
Torys LLP
2
Squire Patton Boggs
1
Shearman & Sterling
1

Deal Values

buy # Total
> $1B 3 $17.7B
< $100M 1 $100M
TOTAL $17.8B
Largest Atlas Corp.
$10.9B (2022-11-01)
sell # Total
$100M to $1B 1 $750M
TOTAL $750M
Largest RiverStone Europe
$750M (2020-12-02)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
17%
2 (17%)
Divested to
Investor(s)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

 Subscribe to unlock this and 201,688
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.