M&A Deal Summary

Align Acquires NBIS

On August 25, 2021, Align acquired insurance company NBIS from SunTx Capital Partners

Acquisition Highlights
  • This is Align’s 1st transaction in the Insurance sector.
  • This is Align’s 1st transaction in the United States.
  • This is Align’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-08-25
Target NBIS
Sector Insurance
Buyer(s) Align
Sellers(s) SunTx Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Reed Smith (Legal)

Target

NBIS

Atlanta, Georgia, United States
NBIS is the premier provider of insurance & risk management solutions for crane, rigging, specialized transportation, concrete pumping, and equipment dealer/rental operations in the United States. Risk Solutions include contract management review, complimentary online driver training courses, complimentary access to over 150+ online & industry-specific training classes, safety & regulatory manuals, and guides ready to implement as well as partner discounts for Dash Cameras, Telematics and much more. NBIS was established in 2001 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Align

San Diego, California, United States
Category Company
Founded 2003
Sector Insurance
DESCRIPTION

Align is an insurance holding company that owns and invests in best-in-class specialist general agencies and underwriting management businesses. Align operates four agency businesses: Align General Insurance Agency, LLC, Catalytic Risk Managers & Insurance Agency, LLC, Deposit Choice, LLC and NALICO General Agency, LLC. Since inception, the company has consistently delivered exceptional underwriting solutions to a growing number of quality carrier partners by taking a more sophisticated approach to pricing and underwriting specialty insurance risks. Align was founded by Kieran Sweeney in 2003 and headquartered in San Diego, California.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

SunTx Capital Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SunTx Capital Partners is a private investment firm that invests in middle-market manufacturing, distribution and service companies based primarily in the Southern regions of the US. Prospective transactions include management buyouts, consolidations, growth equity, recapitalizations, and family successions. Areas of interest include distribution, infrastructure, manufacturing, services, and financial services. SunTx prefers to make control investments. SunTx Capital Partners was formed in 2001 and is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 8
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Georgia) 1 of 1
Country (United States) 7 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Anchor Partners

Dallas, Texas, United States

Anchor Partners is a holding company for a family of enterprises focused on customized metal manufacturing solutions. Anchor specializes in acquiring manufacturing organizations with a proven performance record and a positive, growth-oriented culture. Anchor Partners is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Epoch Solutions Group

Lakewood, Colorado, United States

Epoch Solutions Group transforms field service operations with mobile map-first technology solutions that power business processes, online or off. Map-centric features coupled with an intuitive user interface to simplify fieldwork, while back-office teams enjoy network and asset workflows that run smoothly with system integrations. Customer-driven to their core, the group builds configurable solutions that solve the unique challenges teams in the utility industry face every day, from the back office to the frontline. Epoch Solutions Group was formed in 2006 and is based in Lakewood, Colorado.

Buy -
Mergr

Product

Company

Legal