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M&A Deal Summary

Acrisure Acquires SUNZ Insurance - MGA Business and Related Entities

On December 21, 2021, Acrisure acquired insurance company SUNZ Insurance - MGA Business and Related Entities from SUNZ Insurance Co.

Acquisition Highlights
  • This is Acrisure’s 4th transaction in the Insurance sector.
  • This is Acrisure’s 3rd transaction in the United States.
  • This is Acrisure’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-12-21
Target SUNZ Insurance - MGA Business and Related Entities
Sector Insurance
Buyer(s) Acrisure
Sellers(s) SUNZ Insurance Co.
Deal Type Divestiture

Target

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.

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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 5 of 14
Sector: Insurance M&A 4 of 10
Type: Divestiture M&A Deals 2 of 3
State: Florida M&A 1 of 1
Country: United States M&A 3 of 9
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 It sSeg

Sao Paulo, Brazil

It'sSeg is an insurance consultancy and brokerage firm that offers an array of tech-driven financial services solutions in areas including Insurance, Re-insurance services. It'sSeg was founded in 2014 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 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.

Buy -

Seller(S) 1

SELLER

SUNZ Insurance Co.

Bradenton, Florida, United States
Category Company
Founded 2005
Sector Insurance
DESCRIPTION

SUNZ Insurance Co., Inc. is a workers’ compensation solutions provider primarily for Professional Employer Organizations and Staffing Companies. SUNZ Insurance was established in 2005 and is based in Bradenton, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Ascential Care Partners

Lexington, Kentucky, United States

Ascential Care Partners LLC is a provider of managed care services throughout the United States, specializing in catastrophic case management. Ascential Care Partners is based in Lexington, Kentucky.

Buy -
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