M&A Deal Summary

Accelerant Acquires Agribusiness Risk Underwriters

On June 8, 2021, Accelerant acquired insurance company Agribusiness Risk Underwriters

Acquisition Highlights
  • This is Accelerant’s 3rd transaction in the Insurance sector.
  • This is Accelerant’s 2nd transaction in the United States.
  • This is Accelerant’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-06-08
Target Agribusiness Risk Underwriters
Sector Insurance
Buyer(s) Accelerant
Deal Type Add-on Acquisition
Advisor(s) Merger & Acquisition Services, Inc. (Financial)

Target

Agribusiness Risk Underwriters

Winston-Salem, North Carolina, United States
Agribusiness Risk Underwriters is a provider of poultry farm insurance product development, underwriting, and loss control. ARU was founded in 2016 in Winston-Salem, N.C., to harness fundamental scientific principles, granular weather metrics, progressive technology, and niche expertise to disrupt the legacy farm/ag marketplace. ARU's mission is to provide a superior experience to policyholders while maintaining a sustainable and profitable risk portfolio writing underserved classes of business. To accomplish this, ARU builds and distributes proprietary insurance products, invests in loss prevention engineering and research, and focuses on the collaborative broker and policyholder relationships, facilitating shared victories for all stakeholders. ARU supports a diverse network of wholesale and retail brokers, providing insurance and loss control services to approximately 1,000 American farms and farm family policyholders.

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Buyer(S) 1

Buyer

Accelerant

Colchester, United Kingdom
Category Company
Founded 2018
Sector Insurance
DESCRIPTION

Accelerant is an underwriting group that specializes in serving a carefully selected and managed network of Member MGAs in Europe and the UK. Accelerant has an established strategy and a powerful customer value proposition, executed by a proven management team, utilizing seasoned relationships to create and control an attractive insurance portfolio serving SMEs. Accelerant was founded in 2018 and is based in Colchester, United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Kinnell

Ayr, United Kingdom

Kinnell is a vertically integrated insurance group that primarily serves the building and remedial treatment industries, focused on the provision of home improvement consumer protection, including both deposit and post-completion warranty protection. Kinnell is based in Ayr, United Kingdom.

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