M&A Deal Summary

Novatae Acquires Denali Specialty Group

On July 9, 2024, Novatae acquired insurance company Denali Specialty Group

Acquisition Highlights
  • This is Novatae’s 3rd transaction in the Insurance sector.
  • This is Novatae’s 2nd transaction in the United States.
  • This is Novatae’s 1st transaction in Missouri.

M&A Deal Summary
Date 2024-07-09
Target Denali Specialty Group
Sector Insurance
Buyer(s) Novatae
Deal Type Add-on Acquisition

Target

Denali Specialty Group

Saint Louis, Missouri, United States
Denali Specialty Group is a full-service insurance intermediary. Denali has a primary niche in investment properties and an additional focus on cannabis, excess worker compensation, and student housing. Denali Specialty Group was founded in 2019 and is based in Saint Louis, Missouri.

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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 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS 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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