M&A Deal Summary

AmWINS Acquires National Truck Underwriting Managers

On August 2, 2021, AmWINS acquired insurance company National Truck Underwriting Managers

Acquisition Highlights
  • This is AmWINS’s 32nd transaction in the Insurance sector.
  • This is AmWINS’s 32nd transaction in the United States.
  • This is AmWINS’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-08-02
Target National Truck Underwriting Managers
Sector Insurance
Buyer(s) AmWINS
Deal Type Add-on Acquisition

Target

National Truck Underwriting Managers

Bloomington, Minnesota, United States
National Truck Underwriting Managers is a third-generation family business writing truck insurance company that focuses on accounts with 1-250 power units but has the resources and market access to accommodate larger fleets as well. National Truck Underwriting Managers was formed in 1978 and is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer

AmWINS

Charlotte, North Carolina, United States
Category Company
Founded 1998
Sector Insurance
DESCRIPTION

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 35 of 37
Sector (Insurance) 32 of 34
Type (Add-on Acquisition) 32 of 33
State (Minnesota) 1 of 1
Country (United States) 32 of 34
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 M.T.Donahoe & Associates

Columbia, Maryland, United States

M.T.Donahoe & Associates is a General Agent specializing in employee and individual benefits and services. M.T.Donahoe & Associates was founded in 1982 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 SageSure

Jersey City, New Jersey, United States

SageSure is an independent managing general underwriter focused on providing catastrophe-exposed property insurance. The Company specializes in underwriting coastal residential and commercial property insurance in areas prone to natural disaster through its online quoting and binding platform that uses proprietary risk modeling and scoring technology. SageSure distributes its products through independent agents and blue-chip brokers on behalf of multiple highly rated carriers. The Company was founded in 2006 and is headquartered in Jersey City, New Jersey.

Buy -
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