M&A Deal Summary

Novatae Acquires American Management Corp

On September 6, 2023, Novatae acquired insurance company American Management Corp

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

M&A Deal Summary
Date 2023-09-06
Target American Management Corp
Sector Insurance
Buyer(s) Novatae
Deal Type Add-on Acquisition

Target

American Management Corp

Conway, Arizona, United States
American Management Corp. (AMC) is a specialized national managing general agency that develops a nationwide program for service stations and then for fuel marketers. American Management Corpis based in Conway, Arizona.

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Buyer(S) 1

Buyer

Novatae

Dallas, Texas, United States
Category Company
Sector Insurance
DESCRIPTION

Novatae is a full-service wholesale insurance brokerage, managing general agency and program manager providing brokers and their clients with specialty insurance products and services for complex and hard-to-place risks across property, casualty, workers’ compensation, cyber, professional, management, construction, environmental, garage, inland marine/ocean marine and more. Novatae is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 BWI

London, United Kingdom

BWI is a specialized insurance broker, focusing on open market and program placements, covering complex contingency, accident, health, cyber, professional liability, management risk, and general liability. BWI was founded in 2015 and is based in London, England.

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