M&A Deal Summary

CIVC Partners Acquires StoneRidge Insurance Brokers

On January 1, 2019, private equity firm CIVC Partners acquired insurance company StoneRidge Insurance Brokers

Acquisition Highlights
  • This is CIVC Partners’ 4th transaction in the Insurance sector.
  • This is CIVC Partners’ 2nd transaction in Canada.
  • This is CIVC Partners’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-01-01
Target StoneRidge Insurance Brokers
Sector Insurance
Buyer(s) CIVC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

StoneRidge Insurance Brokers

Ancaster, Ontario, Canada
StoneRidge Insurance Brokers is an insurance brokerage and managing general agent focused on commercial and specialty personal insurance lines. StoneRidge Insurance Brokers was founded in 1945 and is based in Ancaster, Ontario.

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Buyer(S) 1

Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 58 of 76
Sector (Insurance) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 30 of 32
State (Ontario) 2 of 3
Country (Canada) 2 of 3
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Magna Legal Services

Philadelphia, Pennsylvania, United States

Magna is a provider of litigation support services to law firms, corporations, insurance carriers, and government agencies, offering a broad array of services that support clients through each phase of the litigation process, including court reporting, translation, videography, records retrieval, jury evaluation and consulting graphics design, and trial presentation services. Magna Legal Services was founded in 2007 and is based in Philadelphia, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Computer Aided Technology

Buffalo Grove, Illinois, United States

Computer Aided Technology is a provider of 3D design and engineering solutions across the product development continuum, including 3D CAD, 3D CAE, PDM and PLM software, 3D printing and scanning hardware, and other related technologies and consulting, training and support services. Computer Aided Technology was founded in 1992 and is based in Buffalo Grove, Illinois.

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Mergr

Product

Company

Legal