M&A Deal Summary

Heritage Insurance Holdings Acquires Zephyr Insurance

On September 29, 2015, Heritage Insurance Holdings acquired insurance company Zephyr Insurance for 120M USD

Acquisition Highlights
  • This is Heritage Insurance Holdings’ 1st transaction in the Insurance sector.
  • This is Heritage Insurance Holdings’ 2nd largest (disclosed) transaction.
  • This is Heritage Insurance Holdings’ 2nd transaction in the United States.
  • This is Heritage Insurance Holdings’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2015-09-29
Target Zephyr Insurance
Sector Insurance
Buyer(s) Heritage Insurance Holdings
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Zephyr Insurance

Honolulu, Hawaii, United States
Zephyr Insurance Co., Inc. is a specialty insurance provider.

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Buyer(S) 1

Buyer

Heritage Insurance Holdings

Tampa, Florida, United States

Category Company
Founded 2012
Sector Insurance
Employees566
Revenue 735M USD (2023)
DESCRIPTION

Heritage Insurance Holdings is a specialty insurance provider. Heritage Insurance Holdings was founded in 2012 and is based in Tampa, Florida.


DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Hawaii) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 BRC Restoration Specialists

Safety Harbor, Florida, United States

BRC Restoration Specialists, Inc. is a Florida based provider of restoration services and emergency and recovery assistance services.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Narragansett Bay Insurance

Pawtucket, Rhode Island, United States

Narragansett Bay Insurance Co. is an underwriter of homeowners insurance products and services. It offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard and actively seeks to insure coastal homeowners. Narragansett Bay Insurance was founded in 1848 and is based in Pawtucket, Rhode Island.

Buy $250M