M&A Deal Summary

Berkshire Hathaway Specialty Insurance Acquires MyAssist

On January 27, 2014, Berkshire Hathaway Specialty Insurance acquired internet software and services company MyAssist from Noel Group

Acquisition Highlights
  • This is Berkshire Hathaway Specialty Insurance’s 1st transaction in the Internet Software and Services sector.
  • This is Berkshire Hathaway Specialty Insurance’s 2nd transaction in the United States.
  • This is Berkshire Hathaway Specialty Insurance’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2014-01-27
Target MyAssist
Sector Internet Software and Services
Buyer(s) Berkshire Hathaway Specialty Insurance
Sellers(s) Noel Group
Deal Type Divestiture

Target

MyAssist

Stevens Point,, Wisconsin, United States
MyAssist, a live-agent personal concierge and telematics service provider. Company provides cloud-based personal assistance solutions.

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Buyer(S) 1

Buyer

Berkshire Hathaway Specialty Insurance

Boston, Massachusetts, United States

Category Company
Founded 2013
Sector Insurance
DESCRIPTION

Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare liability, executive and professional lines insurance and programs in the U.S. It underwrites on the paper of Berkshire Hathaway’s National Indemnity group of companies.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Wisconsin M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Insure America

Stevens Point,, Wisconsin, United States

Insure America,a niche program administrator that provides insurance products to the travel industry.

Buy -

Seller(S) 1

SELLER

Noel Group

Stevens Point,, Wisconsin, United States

Category Company
Founded 1985
Sector Business Services
DESCRIPTION

Noel Group, LLC, invest in many promising companies in the areas of insurance, emergency travel assistance, concierge services, customer service, financial services, emerging technology and commercial real estate.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Wisconsin M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Insure America

Stevens Point,, Wisconsin, United States

Insure America,a niche program administrator that provides insurance products to the travel industry.

Sell -