M&A Deal Summary

Coleville Partners Acquires Powderhorn

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-09-25
Target Powderhorn
Sector Insurance
Buyer(s) Coleville Partners
Sellers(s) Accretive
Deal Type Divestiture

Target

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(S) 1

Buyer

Coleville Partners

Investor

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
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(S) 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 STATS #
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.

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