M&A Deal Summary

MagMutual Acquires MDAdvantage

On August 15, 2022, MagMutual acquired insurance company MDAdvantage

Acquisition Highlights
  • This is MagMutual’s 2nd transaction in the Insurance sector.
  • This is MagMutual’s 2nd transaction in the United States.
  • This is MagMutual’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-08-15
Target MDAdvantage
Sector Insurance
Buyer(s) MagMutual
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Morgan Lewis (Legal)

Target

MDAdvantage

Lawrenceville, New Jersey, United States
MDAdvantage provides medical professional liability insurance products under claims-made or permanent protection policies. MDAdvantage is based in Lawrenceville, New Jersey.

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Buyer(S) 1

Buyer

MagMutual

Atlanta, Georgia, United States
Category Company
Founded 1981
Sector Insurance
DESCRIPTION

MagMutual LLC is a providers of medical professional liability insurance to physicians and hospitals in the United States.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Tift Area Captive Insurance

Thomasville, Georgia, United States

Tift Area Captive Insurance Co. is a provider of insurance services.

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Product

Company

Legal