M&A Deal Summary

Alliant Insurance Services Acquires Preferred Concepts

On July 2, 2015, Alliant Insurance Services acquired insurance company Preferred Concepts from Stone Point Capital

Acquisition Highlights
  • This is Alliant Insurance Services’ 14th transaction in the Insurance sector.
  • This is Alliant Insurance Services’ 19th transaction in the United States.
  • This is Alliant Insurance Services’ 6th transaction in New York.

M&A Deal Summary
Date 2015-07-02
Target Preferred Concepts
Sector Insurance
Buyer(s) Alliant Insurance Services
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

Preferred Concepts

New York, New York, United States
Preferred Concepts LLC is an insurance program underwriter and wholesale broker. The company’s operating divisions include Preferred Concepts, a program administrator; Preferred Underwriting, a program underwriter; Preferred Brokerage, a wholesale broker; and ezumbrella.com, an online umbrella liability program.

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Buyer(S) 1

Buyer

Alliant Insurance Services

Irvine, California, United States
Category Company
Founded 1925
Sector Insurance
DESCRIPTION

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.

DEAL STATS #
Overall 19 of 69
Sector (Insurance) 14 of 52
Type (Add-on Acquisition) 18 of 65
State (New York) 6 of 7
Country (United States) 19 of 67
Year (2015) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Mary Roach Insurance Agency

Fresno, California, United States

Mary Roach Insurance Agency, Inc. is a provider of crop insurance to the agribusiness community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Todd Garibaldi Insurance Agency

Lodi, California, United States

Todd Garibaldi Insurance Agency, Inc. is a provider of Insurance solutions.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 19 of 55
Sector (Insurance) 13 of 16
Type (Add-on Acquisition) 8 of 28
State (New York) 4 of 10
Country (United States) 14 of 49
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Alliant Insurance Services

Irvine, California, United States

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Cross Ocean Partners

London, United Kingdom

Cross Ocean Partners is a credit-focused asset management platform investing globally in stressed and distressed investment opportunities in a broad range of asset classes, including corporate loans and bonds, hard assets, commercial real estate, liquidations, and structured credit. Cross Ocean Partners is based in London, United Kingdom.

Buy -
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