M&A Deal Summary

McNeil Acquires Bonding & Insurance Specialists Agency

On October 23, 2019, McNeil acquired insurance company Bonding & Insurance Specialists Agency

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

M&A Deal Summary
Date 2019-10-23
Target Bonding & Insurance Specialists Agency
Sector Insurance
Buyer(s) McNeil
Deal Type Add-on Acquisition

Target

Bonding & Insurance Specialists Agency

Orland Park, Illinois, United States
Bonding & Insurance Specialists Agency, Inc. specializes in asbestos abatement and water restoration contractors insurance. Bonding & Insurance Specialists Agency is based in Orland Park, Illinois.

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Buyer(S) 1

Buyer

McNeil

Cortland, New York, United States
Category Company
Founded 1989
Sector Insurance
DESCRIPTION

McNeil & Co., Inc. is an insurance company offering possible specialized coverage, along with a full array of risk management services, to help customers maximize preparedness and grow their businesses. McNeil & Co. was formed in 1989 and is based in Cortland, New York.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Penflex

Latham, New York, United States

Penflex, Inc. provides actuarial and administrative services of Length of Service Award Programs (LOSAP), pension-like programs to assist communities predominantly in the New York region in recruiting, retaining and rewarding volunteer firefighters and ambulance workers. Penflex was established in 1990 and is based in Latham, New York.

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