M&A Deal Summary

AUB Group Acquires Tysers

On September 30, 2022, AUB Group acquired insurance company Tysers from Odyssey Investment Partners for 880M AUD

Acquisition Highlights
  • This is AUB Group’s 16th transaction in the Insurance sector.
  • This is AUB Group’s 0th largest (disclosed) transaction.
  • This is AUB Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-09-30
Target Tysers
Sector Insurance
Buyer(s) AUB Group
Sellers(s) Odyssey Investment Partners
Deal Type Add-on Acquisition
Deal Value 880M AUD

Target

Tysers

London, United Kingdom
Tysers is a specialty commercial property & casualty insurance brokerage firm. Tysers serves as an intermediary between retail and/or wholesale insurance brokers to facilitate the placement of unusual, complex, or specialized coverages within the London market, notably to Lloyds of London, and global insurance markets. Tysers is headquartered in London, United Kingdom.

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Buyer(S) 1

Buyer

AUB Group

Sydney, Australia

Category Company
Founded 1885
Sector Distribution
Employees2,859
Revenue 1.0B AUD (2025)
DESCRIPTION

AUB Group is an equity-based insurance distribution, specialist underwriting agency, and risk services group. The AUB distribution network comprises 50 brokerages representing over 320,000 clients with $2 billion of GWP and approximately $1.8 billion in funds under management. AUB Group was founded in 1885 and is based in Sydney, Australia.


DEAL STATS #
Overall 17 of 17
Sector: Insurance M&A 16 of 16
Type: Add-on Acquisition M&A Deals 11 of 11
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Altius

Sydney, Australia

Altius is a provider of allied health services in Australia. The company provides a range of services including occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled individuals under the National Disability Insurance Scheme. Altius has 30 locations across Australia. Altius was founded in 2007 and is based in Sydney, Australia.

Sell -

Seller(S) 1

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investment Partners is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York, New York.


DEAL STATS #
Overall 33 of 38
Sector: Insurance M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 9
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Pexco

Alpharetta, Georgia, United States

Pexco is a North American designer and fabricator of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations. Pexco is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Magna Legal Services

Philadelphia, Pennsylvania, United States

Magna Legal Services is a provider of litigation support services to law firms, corporations, insurance carriers, and government agencies, offering a broad array of services that support clients through each phase of the litigation process, including court reporting, translation, videography, records retrieval, jury evaluation and consulting graphics design, and trial presentation services. Magna Legal Services was founded in 2007 and is based in Philadelphia, Pennsylvania.

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