M&A Deal Summary

Carl Warren & Company Acquires NovaPro Risk Solutions

On June 1, 2011, Carl Warren & Company acquired insurance company NovaPro Risk Solutions from U.S. Risk Insurance Group

Acquisition Highlights
  • This is Carl Warren & Company’s 1st transaction in the Insurance sector.
  • This is Carl Warren & Company’s 1st transaction in the United States.
  • This is Carl Warren & Company’s 1st transaction in California.

M&A Deal Summary

Date 2011-06-01
Target NovaPro Risk Solutions
Sector Insurance
Buyer(s) Carl Warren & Company
Sellers(s) U.S. Risk Insurance Group
Deal Type Divestiture

Target

NovaPro Risk Solutions

San Diego, California, United States
NovaPro Risk Solutions LP provides third party claims administration.

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Buyer(S) 1

Buyer

Carl Warren & Company

Placentia, California, United States

Category Company
Founded 1944
Sector Insurance
DESCRIPTION

Carl Warren & Company is a leading third party claims and litigation management firm providing gold level claim service to insurers, public agencies and corporations nationwide.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

U.S. Risk Insurance Group

Dallas, Texas, United States

Category Company
Sector Insurance
DESCRIPTION

U. S. Risk Insurance Group, Inc. is a specialty line underwriting manager and wholesale broker. U.S. Risk Insurance Group is headquartered in Dallas, TX.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-30 Unique Program Insurance Agency

Sarasota, Florida, United States

Unique Program Insurance Agency operates as a wholesale broker and program administrator in the workers’ compensation area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 American Special Risk Insurance Services

Woodland Hills, California, United States

American Special Risk Insurance Services is a provider of professional liability insurance brokerage services.

Buy -