M&A Deal Summary |
|
|---|---|
| Date | 2025-04-10 |
| Target | BroadStreet Partners |
| Sector | Insurance |
| Buyer(s) |
Ethos Capital
BCI White Mountains |
| Sellers(s) |
Century Equity Partners
Penfund Ontario Teachers Pension Plan |
| Deal Type | Secondary Buyout |
| Advisor(s) | Ardea Partners RBC Capital Markets BMO Capital Markets (Financial) Latham & Watkins Torys (Legal) |
SEARCH BY
Ethos Capital is a private investment firm that focuses on companies in which technology can be used to automate, optimize and transform traditional business models into faster growing, more efficient organizations. Ethos Capital is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 3 of 3 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 4 of 4 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-03 |
Newforma
Manchester, New Hampshire, United States Newforma develops, sells, and supports project information management (PIM) software for architecture, engineering, and construction firms worldwide, and the owners they serve. the company products make up the first industry-focused and integrated solution to connect firms to each other, to their project information, to their processes, and to remote team members, all for the purpose of more successful project delivery. Customers use Newforma software on more than 1.5 million projects worldwide to raise productivity, reduce exposure to risk, strengthen their brands, and liberate time and attention to focus on design, construction, and client service. Newforma was formed in 2003 and is based in Manchester, New Hampshire. |
Buy | - |
British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 32 |
| Sector: Insurance M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 13 of 14 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 14 of 15 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-30 |
Hayfin
London, United Kingdom Hayfin is an independent investment firm that offers lending solutions to European middle-market companies and asset management services to institutional clients. Hayfin was formed in 2009 and is based in London, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-09 |
Pave America
Warrenton, Virginia, United States Pave America is a provider of asphalt and concrete solutions, including maintenance, repair, milling, sealcoating, and new paving services to commercial, municipal, and institutional customers as well as general contractors. Pave America is based in Warrenton, Virginia. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Insurance |
| Employees | 893 |
| Revenue | 2.4B USD (2024) |
White Mountains is a domiciled financial services holding company with business interests in property and casualty insurance and reinsurance. White Mountains was founded in 1980 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 26 |
| Sector: Insurance M&A | 20 of 22 |
| Type: Secondary Buyout M&A Deals | 1 of 1 |
| State: Ohio M&A | 2 of 2 |
| Country: United States M&A | 19 of 21 |
| Year: 2025 M&A | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-01 |
Enterprise Solutions
Nashville, Tennessee, United States Enterprise Solutions specializes in designing and constructing electrical systems for healthcare, higher education, commercial developments, and industrial projects. Enterprise Solutions is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-07 |
Distinguished
New York, New York, United States Distinguished Programs is a national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Hospitality, and Restaurants. Distinguished was founded in 1995 and is based in New York, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 885M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 24 |
| Sector: Insurance M&A | 13 of 13 |
| Type: Secondary Buyout M&A Deals | 6 of 6 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 18 of 18 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-18 |
Lumenci
Austin, Texas, United States Lumenci is a full-service IP consulting firm dedicated to extracting maximum value from IP assets and providing technical, valuation, and strategic advice to patent owners and law firms to drive successful results. Lumenci was founded in 2018 and is based in Austin, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 2.7B CAD |
| Size | Large |
| Type | Sector Agnostic |
Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 22 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 8 of 8 |
| State: Ohio M&A | 2 of 2 |
| Country: United States M&A | 12 of 12 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-15 |
Mevotech
Toronto, Ontario, Canada Mevotech is a provider of steering, suspension, and driveline replacement components for the automotive aftermarket. Mevotech was founded in 1982 and is based in Toronto, Ontario. |
Sell | - |
| Category | Pension |
|---|---|
| Founded | 1990 |
| PE ASSETS | 116.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.
| DEAL STATS | # |
|---|---|
| Overall | 82 of 83 |
| Sector: Insurance M&A | 4 of 4 |
| Type: Secondary Buyout M&A Deals | 21 of 21 |
| State: Ohio M&A | 4 of 4 |
| Country: United States M&A | 42 of 43 |
| Year: 2025 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-10 |
Copenhagen Airports
Kastrup, Denmark Copenhagen Airports owns and operates airports in Scandinavia, serving as a both a natural Scandinavian hub and as a point of origin and destination. Copenhagen Airports is based in Kastrup, Denmark. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-24 |
CareerBuilder
Chicago, Illinois, United States CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois. |
Sell | - |
