M&A Deal Summary

Acrisure Acquires Beach & Associates

On January 10, 2018, Acrisure acquired insurance company Beach & Associates from Aquiline Capital Partners

Acquisition Highlights
  • This is Acrisure’s 2nd transaction in the Insurance sector.
  • This is Acrisure’s 1st transaction in Canada.
  • This is Acrisure’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-01-10
Target Beach & Associates
Sector Insurance
Buyer(s) Acrisure
Sellers(s) Aquiline Capital Partners
Deal Type Add-on Acquisition

Target

Beach & Associates

Toronto, Ontario, Canada
Beach & Associates Ltd. is the premier, independent (re)insurance broking and advisory firm. Beach has a reputation for innovative reinsurance placements for complex and technical books of business. Operating in London, Zurich, Bermuda, Toronto, Burlington NC, Chicago and New York, Beach works with major insurance companies and insurance distribution to understand and achieve corporate risk management goals through the purchase of reinsurance and insurance portfolio solutions. Beach have a global team of over 160 experienced and talented employees in seven offices dedicated to providing bespoke advisory, portfolio and (re)insurance solutions.

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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 2 of 13
Sector (Insurance) 2 of 10
Type (Add-on Acquisition) 1 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Northrim Benefits Group

Anchorage, Arkansas, United States

Northrim Benefits Group LLC is a provider of insurance products and services. Northrim Benefits Group is based in Anchorage, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Tempo Title

New York, New York, United States

Tempo Title is a provider of residential and commercial real estate title and settlement services. Tempo Title was founded in 2020 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 7 of 27
Sector (Insurance) 4 of 8
Type (Add-on Acquisition) 6 of 14
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Armour Group

Hamilton, Bermuda

Armour Group engages in the property and casualty (“P&C”) run-off insurance industry. Armour is a group consisting of licensed (re)insurers and service companies that acquire discontinued portfolios from insurers who are looking to free up capital and claims management resources. Armour Group was founded in 2007 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Altegris Companies

La Jolla, California, United States

Altegris Companies, Inc. is a provider of alternative investment solutions designed for financial professionals and individuals seeking to improve portfolio diversification.

Sell -
Mergr

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