M&A Deal Summary

Insure Homes Acquires Cornerstone Operations

On December 31, 2020, Insure Homes acquired information technology company Cornerstone Operations

Acquisition Highlights
  • This is Insure Homes’ 1st transaction in the Information Technology sector.
  • This is Insure Homes’ 4th transaction in the United States.
  • This is Insure Homes’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2020-12-31
Target Cornerstone Operations
Sector Information Technology
Buyer(s) Insure Homes
Deal Type Merger

Target

Cornerstone Operations

Lancaster, Pennsylvania, United States
Cornerstone Operations is an IT implementation and administration software company. Cornerstone Operations are experts at powering the insurance back office, and to build a solid foundation on which to manage alternative and traditional insurance programs. Cornerstone Operations is based in Lancaster, Pennsylvania.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Insure Homes

Jacksonville, Florida, United States

Category Company
Founded 2020
Sector Insurance
DESCRIPTION

Insure Homes is a specialty insurance holding company that has served homeowners. Insure Homes leverages proprietary data to generate stable recurring revenues through its network of independent agents and operates an asset-light model working with its reinsurance partners to limit retained risk. Insure Homes was formed in 2020 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 4 of 6
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 4 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Access Re

Westfield, New Jersey, United States

Access Re is an independent global reinsurance intermediary that specializes in indexed-based reinsurance products, alternative risk solutions, and traditional retrocession products. Access Re is based in Westfield, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Cypress

Jacksonville, Florida, United States

Cypress is a holding company that owns managing general agent and insurance carrier subsidiaries, which have served homeowners throughout the Southeast and Gulf Coast. Cypress was founded in 1998 and is headquartered in Jacksonville, Florida.

Buy -