M&A Deal Summary

Jencap Acquires NIF Group

On December 7, 2016, Jencap acquired insurance company NIF Group

Acquisition Highlights
  • This is Jencap’s 3rd transaction in the Insurance sector.
  • This is Jencap’s 4th transaction in the United States.
  • This is Jencap’s 1st transaction in New York.

M&A Deal Summary

Date 2016-12-07
Target NIF Group
Sector Insurance
Buyer(s) Jencap
Deal Type Add-on Acquisition

Target

NIF Group

Manhasset, New York, United States
NIF Group, Inc. is a managing general agency, program administrator and wholesale insurance broker.

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Buyer(S) 1

Buyer

Jencap

New York, New York, United States

Category Company
Founded 2016
Sector Insurance
DESCRIPTION

Jencap is a specialty insurance distribution and program management business, including managing general agencies, specialty program underwriters, transactional wholesale brokers, and captive managers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisition strategies leveraging technology and advanced data analytics. Jencap was founded in 2016 and is based in New York City.


DEAL STATS #
Overall 4 of 14
Sector (Insurance) 3 of 12
Type (Add-on Acquisition) 4 of 13
State (New York) 1 of 3
Country (United States) 4 of 14
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 M. J. Kelly

Springfield, Missouri, United States

M. J. Kelly Co. is a managing general agency and wholesale insurance brokerage. M. J. Kelly Co. was established in 1969 and is headquartered in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Special Risks Facilities

Sterling Heights, Michigan, United States

Special Risks Facilities, Inc. is an MGA/contract binding authority and wholesale insurance brokerage firm. Special Risks Facilities, Inc. was established in 1971 and is headquartered in Sterling Heights, Michigan.

Buy -