M&A Deal Summary

Carousel Capital Acquires Reliance Partners

On August 29, 2022, private equity firm Carousel Capital acquired insurance company Reliance Partners

Acquisition Highlights
  • This is Carousel Capital’s 1st transaction in the Insurance sector.
  • This is Carousel Capital’s 35th transaction in the United States.
  • This is Carousel Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-08-29
Target Reliance Partners
Sector Insurance
Buyer(s) Carousel Capital
Deal Type Recapitalization
Advisor(s) Bradley Arant Boult Cummings (Legal)

Target

Reliance Partners

Chattanooga, Tennessee, United States
Reliance Partners is a commercial insurance broker serving the transportation industry. Reliance Partners specializes exclusively in commercial transportation risk management solutions, a unique differentiator within the highly fragmented insurance brokerage industry. Reliance Partners was founded in 2009 and is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 35 of 37
Sector (Insurance) 1 of 1
Type (Recapitalization) 10 of 12
State (Tennessee) 1 of 1
Country (United States) 35 of 37
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 apexanalytix

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 McCorquodale Transfer

Birmingham, Alabama, United States

McCorquodale Transfer focuses its service offering on interior design clients and their end-customers, providing mission-critical outsourced services such as receiving, warehousing, moving, delivery, and installation. MTI also provides concierge relocation services to residential customers and commercial clients. McCorquodale Transfer was founded in 1995 and is based in Birmingham, Alabama.

Buy -
Mergr

Product

Company

Legal