M&A Deal Summary

Jencap Acquires Tarheel Insurance Services

On October 3, 2022, Jencap acquired insurance company Tarheel Insurance Services

Acquisition Highlights
  • This is Jencap’s 12th transaction in the Insurance sector.
  • This is Jencap’s 13th transaction in the United States.
  • This is Jencap’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-10-03
Target Tarheel Insurance Services
Sector Insurance
Buyer(s) Jencap
Deal Type Add-on Acquisition

Target

Tarheel Insurance Services

Statesville, North Carolina, United States
Tarheel Insurance Services is a full-service wholesale brokerage firm that provides specialized Workers’ Compensation insurance solutions to retail agents. Tarheel Insurance Services was founded in 2005 and is based in Statesville, North Carolina.

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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 13 of 14
Sector (Insurance) 12 of 12
Type (Add-on Acquisition) 13 of 13
State (North Carolina) 1 of 1
Country (United States) 13 of 14
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Delta General Agency

Houston, Texas, United States

Delta General Agency provides Texas retail producers access to specialized insurance facilities. Delta is a wholesale intermediary for approximately 50 admitted and non-admitted special risk carriers. Delta General Agency was founded in 1959 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Trivedi Capacity Associates

Mahwah, New Jersey, United States

Trivedi Capacity Associates is a provider of programs focused on commercial risks, particularly in the community association and condominium association markets. Trivedi offers a range of niche-focused coverages to associations that includes umbrella coverage, directors and officers liability, crime, and workers’ compensation. These programs provide expertise and support to a range of independent brokers and agents nationally. Trivedi Capacity Associates was founded in 2007 and is based in Mahwah, New Jersey.

Sell -
Mergr

Product

Company

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