M&A Deal Summary

Mitchell Acquires Genex

On November 1, 2018, Mitchell acquired insurance company Genex from Stone Point Capital

Acquisition Highlights
  • This is Mitchell’s 2nd transaction in the Insurance sector.
  • This is Mitchell’s 10th transaction in the United States.
  • This is Mitchell’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2018-11-01
Target Genex
Sector Insurance
Buyer(s) Mitchell
Sellers(s) Stone Point Capital
Deal Type Merger

Target

Genex

Wayne, Pennsylvania, United States
Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.

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Buyer(S) 1

Buyer

Mitchell

San Diego, California, United States

Category Company
Founded 1946
Sector Software
DESCRIPTION

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.


DEAL STATS #
Overall 10 of 11
Sector: Insurance M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 Medical Consultants Network

Seattle, Washington, United States

Medical Consultants Network is a provider of medical review services including independent medical examinations and physician peer reviews. Medical Consultants Network was founded in 1985 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 CompAlliance Managed Care

Merriam, Kansas, United States

CompAlliance Managed Care LLC is a provider of managed care services, including it's Preferred Provider Organization (PPO), Medical Bill Review, Case Management, Utilization Review, and 24-hour Nurse Triage. CompAlliance Managed Care is based in Merriam, Kansas.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 38 of 59
Sector: Insurance M&A 16 of 18
Type: Merger M&A Deals 3 of 5
State: Pennsylvania M&A 3 of 3
Country: United States M&A 33 of 53
Year: 2018 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Beeline

Jacksonville, Florida, United States

Beeline is a provider of extended workforce management software supporting global enterprises. Beeline’s software helps procurement, sourcing and human resources professionals optimize costs, reduce risks and add value to their services procurement and contingent workforce programs. Beeline was formed in 1999 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Eliassen Group

Reading, Massachusetts, United States

Eliassen Group is a strategic consulting company that provides business, clinical and IT services for its clients as they seek to transform and execute strategies that will drive exceptional outcomes. Eliassen Group is focused on providing clinical solutions, professional services and talent solutions and positively impacts the lives of its employees, clients, consultants and the communities in which Eliassen operates. Eliassen Group was founded in 1989 and is based in Reading, Massachusetts.

Buy -