M&A Deal Summary

Lilypad Acquires Centauri Insurance

On April 18, 2024, Lilypad acquired insurance company Centauri Insurance from Applied Underwriters

Acquisition Highlights
  • This is Lilypad’s 1st transaction in the Insurance sector.
  • This is Lilypad’s 1st transaction in the United States.
  • This is Lilypad’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-04-18
Target Centauri Insurance
Sector Insurance
Buyer(s) Lilypad
Sellers(s) Applied Underwriters
Deal Type Divestiture

Target

Centauri Insurance

Sarasota, Florida, United States
Centauri Insurance is a property and casualty insurance company provides catastrophe coverage and for its ability to provide financial protection to its policyholders, through innovative solutions and personalized service. Centauri Insurance was founded in 2006 and is based in Sarasota, Florida.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Lilypad

Sarasota, Florida, United States
Category Company
Sector Insurance
DESCRIPTION

Lilypad delivers specialized insurance solutions to homeowners and property owners in coastal areas. Lilypad is based in Sarasota, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Applied Underwriters

Omaha, Nebraska, United States
Category Company
Founded 1994
Sector Insurance
DESCRIPTION

Applied Underwriters designs financial services and workers' compensation solutions to meet the real needs of small and mid-sized businesses nationwide. With insurance carriers rated 'A' by A.M. Best Company and as part of the Berkshire Hathaway family, we offer rock-solid workers' compensation coverage along with some of the hardest-working products and services available on the market today.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Catlin Specialty Insurance

Stamford, Connecticut, United States

Catlin Insurance Company operates as an insurance company that offers casualty, professional, property, construction, and specialty insurance services.

Buy -
Mergr

Product

Company

Legal