M&A Deal Summary

Borisoff Insurance Services Acquires CSIB

On July 10, 2024, Borisoff Insurance Services acquired insurance company CSIB

Acquisition Highlights
  • This is Borisoff Insurance Services’ 2nd transaction in the Insurance sector.
  • This is Borisoff Insurance Services’ 2nd transaction in the United States.
  • This is Borisoff Insurance Services’ 1st transaction in Alabama.

M&A Deal Summary
Date 2024-07-10
Target CSIB
Sector Insurance
Buyer(s) Borisoff Insurance Services
Deal Type Add-on Acquisition

Target

CSIB

Hoover, Alabama, United States
CSIB is a provider specializing in contract binding, the mining industry, and coastal property placements. CSIB was formed in 2011 and is based in Hoover, Alabama.

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Buyer(S) 1

Buyer

Borisoff Insurance Services

Burbank, California, United States
Category Company
Sector Insurance
DESCRIPTION

Borisoff Insurance Services, Inc. (dba Monarch E&S Insurance Services) is a full service MGA and wholesale brokerage firm providing solutions for many different lines of business in both the commercial and personal lines segments. Borisoff Insurance Services is based in Burbank, California.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Anderson & Murison

Los Angeles, California, United States

Anderson & Murison is a full-service national surplus lines broker and underwriter of specialty commercial and personal lines insurance risks. Anderson & Murison was founded in 1965 and is based in Los Angeles, California.

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