M&A Deal Summary

Assurant Acquires HYLA Mobile

On October 28, 2020, Assurant acquired internet software and services company HYLA Mobile from Silver Lake

Acquisition Highlights
  • This is Assurant’s 2nd transaction in the Internet Software and Services sector.
  • This is Assurant’s 13th transaction in the United States.
  • This is Assurant’s 2nd transaction in Texas.

M&A Deal Summary

Date 2020-10-28
Target HYLA Mobile
Sector Internet Software and Services
Buyer(s) Assurant
Sellers(s) Silver Lake
Deal Type Add-on Acquisition

Target

HYLA Mobile

Irving, Texas, United States
HYLA Mobile is a provider of products and services that capture, extend, and optimize the life and value of used mobile phones. HYLA has worked to develop technology and solutions that extend the lifecycle of mobile devices to build economic opportunity and enable information access for new users while helping to protect our planet. HYLA Mobile was founded in 2009 and is based in Irving, Texas.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Assurant

Atlanta, Georgia, United States

Category Company
Founded 1892
Sector Insurance
Employees14,200
Revenue 11.5B USD (2024)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and in select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions, and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 15 of 17
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 11
State: Texas M&A 2 of 2
Country: United States M&A 13 of 14
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Fixt

Baltimore, Maryland, United States

Asurvest, Inc. is a provider of on-demand mobile device support and repair. Asurvest is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 EPG Insurance

Memphis, Tennessee, United States

EPG Insurance, Inc. is a provider of service contracts and insurance sold through heavy equipment dealers and manufacturers. EPG Insurance specializes in physical damage insurance for commercial auto and commercial equipment, service contracts for commercial equipment, and loss damage waivers for commercial equipment. EPG Insurance was founded in 1987 and is based in Memphis, Tennessee.

Buy $43M

Seller(S) 1

SELLER

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 55 of 66
Sector: Internet Software and Services M&A 9 of 10
Type: Add-on Acquisition M&A Deals 16 of 17
State: Texas M&A 7 of 8
Country: United States M&A 42 of 51
Year: 2020 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Achievers

San Francisco, California, United States

Achievers is a provider of employee recognition and rewards solutions designed to help companies increase employee engagement. Achievers delivers an employee success platform™ that enables social recognition, which dramatically increases employee engagement and drives business success. Achievers was founded in 1995 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 G42

Abu Dhabi, United Arab Emirates

G42’s artificial intelligence, cloud computing, and technology offerings have enabled its clients to address a wide range of opportunities, including digitizing large enterprises, improving regional healthcare, and enhancing government services. G42 was founded in 2018 and is based in Abu Dhabi, United Arab Emirates.

Buy -