M&A Deal Summary

Admiral Group Acquires Acuren

On May 22, 2024, Admiral Group acquired test/measurement equipment company Acuren from American Securities

Acquisition Highlights
  • This is Admiral Group’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Admiral Group’s 1st transaction in the United States.
  • This is Admiral Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-05-22
Target Acuren
Sector Test/Measurement Equipment
Buyer(s) Admiral Group
Sellers(s) American Securities
Deal Type Add-on Acquisition
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Weil Gotshal & Manges (Legal)

Target

Acuren

Tomball, Texas, United States
Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.

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Buyer(S) 1

Buyer

Admiral Group

Cardiff, United Kingdom
Category Company
Founded 1993
Sector Insurance
Employees13,000
Revenue 3.6B GBP (2023)
DESCRIPTION

Admiral Group is the provider of direct motor insurance. Admiral Group was incorporated in 1993 and is based in Cardiff, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Compare.com

Richmond, Virginia, United States

Compare.com is an online comparison platform that allows consumers to receive side-by-side comparisons on auto insurance quotes with real prices from more than 60 of the country’s top carriers. Compare.com was founded in 2013 and is based in Richmond, Virginia.

Sell -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 51 of 51
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 21 of 21
State (Texas) 6 of 6
Country (United States) 50 of 50
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 NWN Carousel

Exeter, Rhode Island, United States

NWN Carousel is a provider of information systems services and solutions. These include unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services. NWN Carousel was founded in 1986 and is based in Exeter, Rhode Island.

Buy -
Mergr

Product

Company

Legal