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M&A Deal Summary

Highland Rim Capital Acquires AAN Adjusters

On May 1, 2024, private equity firm Highland Rim Capital acquired insurance company AAN Adjusters

Acquisition Highlights
  • This is Highland Rim Capital’s 1st transaction in the Insurance sector.
  • This is Highland Rim Capital’s 1st transaction in the United States.
  • This is Highland Rim Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-05-01
Target AAN Adjusters
Sector Insurance
Buyer(s) Highland Rim Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

AAN Adjusters

Knoxville, Tennessee, United States
AAN Adjusters provides outsourced property and casualty insurance claims adjusting services for residential and commercial insurers. AAN Adjusters manages the entire field claims adjuster process from claim notification and dispatch through final review and estimate, utilizing its nationwide network of claims adjusters. AAN Adjusters was founded in 2005 is headquartered in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Highland Rim Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

Highland?Rim Capital is a private equity firm that looks to partner with lower middle-market companies across the US. Prospective situations include family successions, management buyouts, and corporate divestitures—targeting businesses with $10 to $100?million in revenue and $2.5 to $10?million of EBITDA. Sectors of interest include light manufacturing, value-add distribution, and business services. Highland Rim Capital was founded in 2008 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 I-Deal Optics

Troy, Michigan, United States

I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

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