M&A Deal Summary

Evertas Acquires Bitsure

On July 18, 2023, Evertas acquired insurance company Bitsure

Acquisition Highlights
  • This is Evertas’ 1st transaction in the Insurance sector.
  • This is Evertas’ 1st transaction in the United States.
  • This is Evertas’ 1st transaction in Illinois.

M&A Deal Summary
Date 2023-07-18
Target Bitsure
Sector Insurance
Buyer(s) Evertas
Deal Type Add-on Acquisition

Target

Bitsure

Chicago, Illinois, United States
Bitsure is an insurance company solely focused on providing property, business income interruption, and liability coverage for cryptocurrency mining companies. Bitsure is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Evertas

Chicago, Illinois, United States
Category Company
Sector Insurance
DESCRIPTION

Evertas is a crypto insurance company focused on covering the full spectrum of crypto risks for institutional holders of crypto assets, blockchain technology, and infrastructure, including exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners, and ultra-high net worth individuals. Licensed to operate as a Class 3A Insurer by the Bermuda Monetary Authority, the company offers the only full lifecycle crypto insurance solution. Evertas is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal