M&A Deal Summary

Mount Logan Capital Acquires Ability Insurance

On May 19, 2021, Mount Logan Capital acquired insurance company Ability Insurance from Advantage Capital Partners for 20M USD

Acquisition Highlights
  • This is Mount Logan Capital’s 1st transaction in the Insurance sector.
  • This is Mount Logan Capital’s largest (disclosed) transaction.
  • This is Mount Logan Capital’s 1st transaction in the United States.
  • This is Mount Logan Capital’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2021-05-19
Target Ability Insurance
Sector Insurance
Buyer(s) Mount Logan Capital
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Ability Insurance

Omaha, Nebraska, United States
Ability Insurance is a dedicated group of employees who share a common passion to serve long-term care (LTC) policyholders and claimants in an unrivaled manner. The company's associates are experts specializing in LTC insurance. Its staff is comprised of professionals empowered with information and enabled with experience to fulfill LTC contract's promises.

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Buyer(S) 1

Buyer

Mount Logan Capital

Toronto, Ontario, Canada
Category Company
Sector Business Services
Employees21
Revenue 214M USD (2023)
DESCRIPTION

Mount Logan Capital is an alternative asset management company that is focused on public and private debt securities in the North American market. The Company actively sources, evaluates, underwrites, manages, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. Mount Logan Capital is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 92 of 97
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 51 of 54
State (Nebraska) 1 of 1
Country (United States) 92 of 97
Year (2021) 3 of 3
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 Cecil D

Alexandria, Louisiana, United States

Cecil D is a operated General Contractor specializing in the construction of Federal and State projects throughout the southeast. Cecil D is based in Alexandria, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Natural Fiber Welding

Peoria, Illinois, United States

Natural Fiber Welding is a disruptive material science company that creates sustainable, high-performing materials and textiles that are 100% free of plastic and petrochemicals. Natural Fiber Welding has two existing patented product lines in production: MIRUM®, a leather alternative, and CLARUS®, high-performance textile technologies with applications replacing synthetic fibers. Natural Fiber Welding was founded in 2015 and is based in Peoria, Illinois.

Buy -
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