M&A Deal Summary

777 Partners Acquires Sutton National

On January 24, 2019, private equity firm 777 Partners acquired insurance company Sutton National

Acquisition Highlights
  • This is 777 Partners’ 2nd transaction in the Insurance sector.
  • This is 777 Partners’ 11th transaction in the United States.
  • This is 777 Partners’ 8th transaction in Florida.

M&A Deal Summary
Date 2019-01-24
Target Sutton National
Sector Insurance
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sutton National

Dania Beach, Florida, United States
Sutton National is an admitted US property & casualty insurance company dedicated to program management. Sutton National was founded in 1972 and is based in Dania Beach, Florida.

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Buyer(S) 1

Buyer

777 Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Large
Type Sector Agnostic
DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.

DEAL STATS #
Overall 15 of 46
Sector (Insurance) 2 of 8
Type (Buyout (LBO, MBO, MBI)) 12 of 36
State (Florida) 8 of 11
Country (United States) 11 of 23
Year (2019) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 DAMsmart

Mitchell, Australia

DAMsmart provides a specialized audiovisual digitization service dedicated to assisting any organisation with the desire to access and preserve content kept on ageing motion picture film, videotape or audiotape. DAMsmart was founded in 2008 and is based in Mitchell, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 Air Black Box

Manchester, United Kingdom

Air Black Box is a travel technology company dedicated to transforming the travel selling process through decades of domain expertise, patented integration technology and a vision for innovation. Air Black Box’s industry-first comprehensive travel connection platform enables airlines, airports and travel providers to expand their market footprint, boost passenger volume, increase core and ancillary revenue, and create new sales opportunities by efficiently and cost-effectively facilitating the cross-selling, distribution and fulfillment of travel products and services. Air Black Box was founded in 2013 and is based in Manchester, England.

Buy -
Mergr

Product

Company

Legal