M&A Deal Summary

New Mountain Capital Acquires NSM Insurance Group - U.S. Commercial Insurance Division

On February 24, 2025, private equity firm New Mountain Capital acquired insurance company NSM Insurance Group - U.S. Commercial Insurance Division from NSM

Acquisition Highlights
  • This is New Mountain Capital’s 7th transaction in the Insurance sector.
  • This is New Mountain Capital’s 96th transaction in the United States.
  • This is New Mountain Capital’s 5th transaction in Pennsylvania.

M&A Deal Summary

Date 2025-02-24
Target NSM Insurance Group - U.S. Commercial Insurance Division
Sector Insurance
Buyer(s) New Mountain Capital
Sellers(s) NSM
Deal Type Divestiture

Target

NSM Insurance Group - U.S. Commercial Insurance Division

Conshohocken, Pennsylvania, United States
NSM Insurance Group's U.S. Commercial Insurance Division offers 25+ specialty insurance programs that provides unique solutions for unique risks.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 101 of 103
Sector: Insurance M&A 7 of 7
Type: Divestiture M&A Deals 7 of 7
State: Pennsylvania M&A 5 of 5
Country: United States M&A 96 of 98
Year: 2025 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-28 Amerit Fleet Solutions

Walnut Creek, California, United States

Amerit Fleet Solutions provides repair and maintenance services for vehicle fleet owners and operators across North America, operating via a collection of mobile repair units, branch locations, and on-site customer locations. Amerit Fleet Solutions was founded in 2010 and is based in Walnut Creek, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 Access Healthcare

Dallas, Texas, United States

Access Healthcare is a technology-enabled revenue cycle management platform that serves as a trusted partner to healthcare providers and stakeholders, and delivers significant savings for its clients by optimizing operations across the front-end, mid-cycle, and back-end of the revenue cycle. Access Healthcare was founded in 2011 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

NSM

Conshohocken, Pennsylvania, United States

Category Company
Founded 1990
Sector Insurance
DESCRIPTION

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-02 GIG Insurance

Fort Lauderdale, Florida, United States

GIG provides director and officers (D&O) liability insurance and crime insurance coverages through a cutting-edge technology platform, which allows agents and brokers to quote, bind and issue policies. GIG Insurance was formed in 2006 and is based in Fort Lauderdale, Florida.

Buy -