M&A Deal Summary

BridgePoint Risk Management Acquires NEBCO Insurance Services

On August 29, 2017, BridgePoint Risk Management acquired insurance company NEBCO Insurance Services from Stone Point Capital

Acquisition Highlights
  • This is BridgePoint Risk Management’s 1st transaction in the Insurance sector.
  • This is BridgePoint Risk Management’s 1st transaction in the United States.
  • This is BridgePoint Risk Management’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2017-08-29
Target NEBCO Insurance Services
Sector Insurance
Buyer(s) BridgePoint Risk Management
Sellers(s) Stone Point Capital
Deal Type Merger

Target

NEBCO Insurance Services

Greenwich, Connecticut, United States
NEBCO Insurance Services is a boutique insurance agency serving the needs of high net worth individuals and businesses throughout the nation. NEBCO’s team of risk advisers works closely with family offices, wealth managers, trust and estate attorneys and CPAs to best customize and protect clients’ assets and lifestyles. NEBCO Insurance Services was founded in 1979 and is based in Greenwich, Connecticut.

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Buyer(S) 1

Buyer

BridgePoint Risk Management

Greenwich, Connecticut, United States

Category Company
Sector Insurance
DESCRIPTION

BridgePoint Risk Management is a provider of personal and commercial risk management solutions. BridgePoint Risk Management is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 30 of 59
Sector: Insurance M&A 15 of 18
Type: Merger M&A Deals 2 of 5
State: Connecticut M&A 2 of 3
Country: United States M&A 25 of 53
Year: 2017 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 BridgePoint Risk Management

Greenwich, Connecticut, United States

BridgePoint Risk Management is a provider of personal and commercial risk management solutions. BridgePoint Risk Management is based in Greenwich, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Cadence Business Finance

Houston, Texas, United States

Cadence Business Finance provides customized solutions to specialty finance companies. Flexible covenant structures in industries such as equipment financing, insurance premium financing, specialty asset-based lending and factoring, as well as merchant cash advance, foster the long-term success of asset-based lenders, and that of their clients.

Sell $198M