M&A Deal Summary |
|
|---|---|
| Date | 2022-05-26 |
| Target | GoAuto |
| Sector | Insurance |
| Buyer(s) |
Everberg Capital
Drive Assurance |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Piper Sandler & Co. (Financial) Butler Snow (Legal) |
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Everberg Capital is a private investment firm that looks to partner with family-owned businesses, entrepreneurs, and financial sponsors with capital for acquisition financing, leveraged buyouts, growth opportunities, and recapitalizations. Broad areas of interest include industrials, business services, consumer products/services, and healthcare. Everberg can invest across the capital structure and seeks to commit up to to $350 million per transaction. Everberg Capital was formed in 2019 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 25 |
| Sector: Insurance M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: Louisiana M&A | 1 of 1 |
| Country: United States M&A | 16 of 23 |
| Year: 2022 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
Swyft Filings
Houston, Texas, United States Swyft Filings is an end-to-end platform for small and medium sized businesses seeking incorporation, filing, compliance, and other ancillary legal services. Swyft Filings was founded in 2015 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-01 |
MTM
St. Louis, Missouri, United States MTM is non-emergency medical transportation (NEMT) broker. Leveraging technology to streamline processes and improve the user experience for all stakeholders, MTM’s wide spectrum of services helps clients improve health outcomes, promote independence, reduce costs, and increase satisfaction. MTM was founded in 1995 and is based in St. Louis, Missouri. |
Buy | - |
Drive Assurance is a specialty auto insurance holding company with investments in GoAuto, a tech-focused, vertically integrated personal auto insurance platform providing low-limit policies through its managing general agent and insurance carrier subsidiaries, and Adaptive Information Technologies (AIT), GoAuto’s affiliated technology platform. Drive Assurance leverages AIT’s proprietary data analytics and underwriting software while distributing policies direct-to-consumer online and through 70 captive storefronts across Louisiana, Texas, Nevada and Ohio. Drive Assurance is based in Baton Rouge, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Louisiana M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
