Divestiture • Insurance

Coleville Partners Acquires Powderhorn

On September 25, 2024, private equity firm Coleville Partners acquired insurance company Powderhorn from Accretive

Acquisition Context
  • This is Coleville Partners’ 1st transaction in the Insurance sector.
  • This is Coleville Partners’ 1st transaction in the United States.
  • This is Coleville Partners’ 1st transaction in Connecticut.

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M&A Deal Summary

Date September 25, 2024
Target Powderhorn
Sector Insurance
Buyer(s) Coleville Partners
Sellers(s) Accretive
Deal Type Divestiture

Target Company

Powderhorn

Brookfield, Connecticut, United States
Powderhorn is a provider in managing residential and warranty protection programs specializing in oil tank, septic and home protection. Powderhorn was founded in 1999 and is based in Brookfield, Connecticut.
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Buyer Overview 1

DESCRIPTION

Coleville Partners is a private investment firm focused on acquiring and operating US-based service businesses. The Firm typically targets lower middle-market companies (enterprise values under $100?million, EBITDA of $1?million to $12?million), with an emphasis on majority-control transactions in industries such as insurance distribution, residential warranty, service contracts, and home services. Coleville Partners was formed in 2022 and is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Connecticut 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1

Seller Profile 1

SELLER

Accretive

Torrance, California, United States

Category Company
Founded 2022
Sector Insurance
DESCRIPTION

Accretive is an independent, niche-focused specialty and wholesale insurance providers and administrators. Accretive was founded in 2022 and is based in Torrance, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Connecticut 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Platinum Worksite Benefits

Hopkinton, Massachusetts, United States

Platinum Worksite Benefits provides voluntary benefits and an array of supplemental offerings, including flex plan communications and group insurance beneficiary collections. Platinum Worksite Benefits was founded in 1994 and is based in Hopkinton, Massachusetts.

Buy -