M&A Deal Summary

Acrisure Acquires Appalachian Underwriters

On January 4, 2022, Acrisure acquired insurance company Appalachian Underwriters

Acquisition Highlights
  • This is Acrisure’s 5th transaction in the Insurance sector.
  • This is Acrisure’s 4th transaction in the United States.
  • This is Acrisure’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-01-04
Target Appalachian Underwriters
Sector Insurance
Buyer(s) Acrisure
Deal Type Add-on Acquisition

Target

Appalachian Underwriters

Oak Ridge, Tennessee, United States
Appalachian Underwriters is an insurance wholesale outlet for agents looking to bring their clients a broad selection of products. The Company specializes in Workers’ Compensation, Commercial Specialty, Personal Lines, and Brokerage. Appalachian Underwriters was founded in 1996 and is based in Oak Ridge, Tennessee.

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Buyer(S) 1

Buyer

Acrisure

Grand Rapids, Michigan, United States
Category Company
Founded 2005
Sector Insurance
Employees2,700
DESCRIPTION

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 6 of 13
Sector (Insurance) 5 of 10
Type (Add-on Acquisition) 4 of 11
State (Tennessee) 1 of 1
Country (United States) 4 of 8
Year (2022) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 SUNZ Insurance - MGA Business and Related Entities

West Bradenton, Florida, United States

SUNZ Insurance business includes Managing General Agency (MGA) and Third-Party Administrator operations. The entities acquired as part of the transaction include Next Level Administrators, a third-party administrator; Watchpoint, a special investigation unit; Ascential Care partners, nurse case management and utilization review; Avalon, claims subrogation; and Accelevant Premium Audit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Summa Insurance Brokerage

Madrid, Spain

Summa Insurance Brokerage is an independent broker specialized in insurance for individuals and SMEs. Summa Insurance Brokerage was founded in 2005 and is based in Madrid, Spain.

Buy -
Mergr

Product

Company

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