M&A Deal Summary

Genstar Capital and Flexpoint Ford Acquire Alera Group

On January 4, 2017, private equity firms Genstar Capital and Flexpoint Ford acquired insurance company Alera Group

Acquisition Highlights
  • This is Genstar Capital’s 9th and Flexpoint Ford’s 6th transaction in the Insurance sector.
  • This is Genstar Capital’s 58th and Flexpoint Ford’s 27th transaction in the United States.
  • This is Genstar Capital’s 4th and Flexpoint Ford’s 6th transaction in Illinois.

M&A Deal Summary
Date 2017-01-04
Target Alera Group
Sector Insurance
Buyer(s) Genstar Capital
Flexpoint Ford
Deal Type Consolidation

Target

Alera Group

Deerfield, Illinois, United States
Alera Group is an independent insurance and wealth management firm offering comprehensive employee benefits, property and casualty, retirement services, and wealth management solutions to clients nationwide. Alera Group was founded in 2016 and is based in Deerfield, Illinois.

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Buyer(S) 2

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 63 of 109
Sector (Insurance) 9 of 14
Type (Consolidation) 3 of 5
State (Illinois) 4 of 5
Country (United States) 58 of 101
Year (2017) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 AMBA

Austin, Texas, United States

AMBA is a national affinity marketing insurance agency focused on distributing supplemental insurance and other voluntary benefits through a proprietary network of retired teacher, educator, and public employee associations across the United States. The Company partners with established carriers and utilizes a salesforce of captive agents to distribute a portfolio of products, including vision, dental, long-term care, annuities, cancer, emergency medical transportation, Medicare supplement, heart, life, and accident insurance. AMBA was founded in 2001 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Buy -
Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 28 of 54
Sector (Insurance) 6 of 11
Type (Consolidation) 1 of 1
State (Illinois) 6 of 6
Country (United States) 27 of 48
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Select Rehabilitation

Glenview, Illinois, United States

Select Rehabilitation is a provider of contract rehabilitation therapy services in the United States. Select Rehabilitation provides physical therapy, occupational therapy, and speech therapy services in the long-term care sector, primarily to clients in skilled nursing facilities, continuing care retirement communities, outpatient settings, and home health settings. Select Rehabilitation was founded in 1999 and is based in Glenview, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Center for Facial Rejuvenation

Chattanooga, Tennessee, United States

Center for Facial Rejuvenation offers medically proven treatments and compassionate patient care to provide the best in skin care, laser treatments, and cosmetic procedures. Center for Facial Rejuvenation customizes treatments to meet individual patient goals, utilizing surgical and non surgical treatments such as BOTOX® and fillers, lasers, chemical peels and physician grade skincare products.

Buy -
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