M&A Deal Summary

Markel Acquires FirstComp

On July 14, 2010, Markel acquired insurance company FirstComp from First Analysis for 135M USD

Acquisition Highlights
  • This is Markel’s 1st transaction in the Insurance sector.
  • This is Markel’s 4th largest (disclosed) transaction.
  • This is Markel’s 1st transaction in the United States.
  • This is Markel’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2010-07-14
Target FirstComp
Sector Insurance
Buyer(s) Markel
Sellers(s) First Analysis
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

FirstComp

Omaha, Nebraska, United States
FirstComp is a carrier of workers compensation policies for small businesses. Since its launch in 1997, FirstComp has built out a network of more than 7,500 agents in small towns and rural areas that are not otherwise targeted by workers compensation carriers.

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Buyer(S) 1

Buyer

Markel

Glen Allen, Virginia, United States
Category Company
Founded 1930
Sector Insurance
Employees21,600
Revenue 15.7B USD (2023)
DESCRIPTION

Markel is a diverse financial holding company serving a variety of niche markets through underwrites specialty insurance products. Markel was founded in 1930 and is based in Glen Allen, Virginia.

DEAL STATS #
Overall 1 of 14
Sector (Insurance) 1 of 9
Type (Add-on Acquisition) 1 of 14
State (Nebraska) 1 of 1
Country (United States) 1 of 9
Year (2010) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 Thompson Insurance Enterprises

Kennesaw, Georgia, United States

Thomco manages programs that provide comprehensive insurance solutions for the Child Care, Senior Living, Medical Transportation, Fitness Center, Pest Control, Social Service, and Tanning Salon markets.

Buy -

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.

DEAL STATS #
Overall 41 of 71
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 31 of 51
State (Nebraska) 1 of 1
Country (United States) 41 of 70
Year (2010) 4 of 7
Size (of disclosed) 11 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-12 Cobalt Group

Seattle, Washington, United States

Cobalt Group, Inc. is a provider of automotive digital marketing technology and services.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 SterilMed

Maple Grove, Minnesota, United States

SterilMed, Inc. provides reprocessing, repair, and refurbishment of medical devices, equipment, and instruments. It repairs and sells medical equipment, including flexible endoscope systems, rigid endoscope systems, camera and video tower systems, power equipment, and surgical instrumentation.

Sell -
Mergr

Product

Company

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