M&A Deal Summary

Marsh Acquires Torrent Technologies

On October 20, 2014, Marsh acquired internet software and services company Torrent Technologies from Century Equity Partners

Acquisition Highlights
  • This is Marsh’s 1st transaction in the Internet Software and Services sector.
  • This is Marsh’s 4th transaction in the United States.
  • This is Marsh’s 1st transaction in Montana.

M&A Deal Summary

Date 2014-10-20
Target Torrent Technologies
Sector Internet Software and Services
Buyer(s) Marsh
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition

Target

Torrent Technologies

Kalispell,, Montana, United States
Torrent Technologies is a business services company that leverages contemporary technology to more effectively administer flood insurance policies and claims through the National Flood Insurance Program.

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Buyer(S) 1

Buyer

Marsh

New York, New York, United States

Category Company
Founded 1871
Sector Insurance
DESCRIPTION

Marsh is a global provider of insurance brokerage and risk management products and services. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk.


DEAL STATS #
Overall 7 of 16
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 13
State: Montana M&A 1 of 1
Country: United States M&A 4 of 9
Year: 2014 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 Seguros Morrice y Urrutia S.A.

Panama City, Panama

Seguros Morrice y Urrutia S.A. (Semusa), is one of the major insurance brokers in Panama, offering a broad range of products and services related to insurance brokerage. As of 30 March 2014, Semusa had $2.8 million in assets and more than 75,000 clients. Based in Panama City, the firm has 196 professionals and a national presence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Jeitosa Group International

San Francisco, California, United States

Jeitosa Group International provide global, strategic and functional business and information technology services to Global Fortune 1000 organizations. Jeitosa provides thought-leading, global business and technology solutions to drive enterprise effectiveness.

Buy -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 14 of 24
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 13
State: Montana M&A 1 of 1
Country: United States M&A 9 of 18
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 PrecisionLender

Charlotte, North Carolina, United States

PrecisionLender is a web-based pricing and profitability management solution used by thousands of lenders every day to price over $20 billion in commercial transactions each quarter.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Client First Settlement Funding

Boca Raton, Florida, United States

Client First Settlement Funding is a purchaser of court-ordered specialty finance receivables, providing lump-sum payments to individuals to satisfy their need for liquidity in exchange for the rights to the long-term periodic payments provided by structured settlements and lottery winnings. The Company leverages its database to identify individually held payment streams and focuses on providing subsequent deals with repeat sellers. Client First Settlement Funding was founded in 2008 and is based in Boca Raton, Florida.

Buy -