M&A Deal Summary

Fortegra Acquires eReinsure.com

On March 3, 2011, Fortegra acquired internet software and services company eReinsure.com from Century Equity Partners for 37M USD

Acquisition Highlights
  • This is Fortegra’s 1st transaction in the Internet Software and Services sector.
  • This is Fortegra’s largest (disclosed) transaction.
  • This is Fortegra’s 2nd transaction in the United States.
  • This is Fortegra’s 1st transaction in Utah.
Investment Fate
  • eReinsure.com was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary
Date 2011-03-03
Target eReinsure.com
Sector Internet Software and Services
Buyer(s) Fortegra
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition
Deal Value 37M USD

Target

eReinsure.com

Salt Lake City, Utah, United States
eReinsure.com, Inc an online platform for placing facultative reinsurance. eReinsure, provides Internet-based technology for managing reinsurance transactions including the negotiation and placing process, data management and analysis, compliance, integration and automation.

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Buyer(S) 1

Buyer

Fortegra

Jacksonville, Florida, United States
Category Company
Sector Insurance
DESCRIPTION

Fortegra is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida.

DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Utah) 1 of 1
Country (United States) 2 of 3
Year (2011) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-16 Bliss & Glennon

Redondo Beach, California, United States

Bliss & Glennonm, is an excess and surplus lines wholesale insurance broker and managing general agency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Pacific Benefits Group Northwest

Beaverton, Oregon, United States

Pacific Benefits Group Northwest LLC operates as a insurance agency.

Buy -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 6 of 23
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 13
State (Utah) 1 of 1
Country (United States) 3 of 17
Year (2011) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Jones DesLauriers Group of Companies

Toronto, Ontario, Canada

Jones DesLauriers Group of Companies, Inc. ranks as one of the largest independently-owned insurance brokerage firms in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Provant Health

Olathe, Kansas, United States

Provant Health is a provider of employer health and wellness services focused on whole-person wellness and care cost management.

Buy -
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