M&A Deal Summary

Onex Partners Acquires Accredited

On June 28, 2024, private equity firm Onex Partners acquired insurance company Accredited

Acquisition Highlights
  • This is Onex Partners’ 7th transaction in the Insurance sector.
  • This is Onex Partners’ 43rd transaction in the United States.
  • This is Onex Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2024-06-28
Target Accredited
Sector Insurance
Buyer(s) Onex Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Accredited

Orlando, Florida, United States
Accredited is a specialty insurance company operating in North America and Europe that provides underwriting capacity to Managing General Agents (“MGAs”) with support from the global reinsurance market. Accredited is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 21.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 59 of 63
Sector: Insurance M&A 7 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 15
State: Florida M&A 2 of 2
Country: United States M&A 43 of 45
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Morson Group

Manchester, United Kingdom

Morson Group is an engineering and technical staffing and workforce solutions business, with growing operations in the UK, U.S., Italy, Canada and Australia. Morson Group was founded in 1969 and is based in Manchester, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Fischbach

Engelskirchen, Germany

Fischbach is a provider of cartridge packaging solutions for sealants and adhesives used in building repair, renovation & construction, aftermarket automotive, marine weather & water-sealing applications, and aerospace bonding applications. Fischbach was founded in 2000 and is based in Engelskirchen, Germany.

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