M&A Deal Summary

Palomar Acquires Advanced AgProtection

On March 20, 2025, Palomar acquired business services company Advanced AgProtection

Acquisition Highlights
  • This is Palomar’s 1st transaction in the Business Services sector.
  • This is Palomar’s 2nd transaction in the United States.
  • This is Palomar’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-03-20
Target Advanced AgProtection
Sector Business Services
Buyer(s) Palomar
Deal Type Add-on Acquisition

Target

Advanced AgProtection

Amarillo, Texas, United States
Advanced AgProtection specialized Crop Managing General Agent. The AAP team is comprised of industry veterans with longstanding relationships and a proven track record in the Crop insurance sector.

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Buyer(S) 1

Buyer

Palomar

La Jolla, California, United States

Category Company
Founded 2013
Sector Insurance
Employees213
Revenue 376M USD (2023)
DESCRIPTION

Palomar is an insurer that focuses on the provision of specialty property insurance for residential and commercial clients. Palomar’s underwriting and analytical acumen allow it to concentrate on certain markets that it believes are underserved by other insurance companies, such as the markets for earthquake, wind and flood insurance. Based in La Jolla, California, the company is an admitted carrier in 25 states. Palomar was founded in 2013 and is based in La Jolla, California.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Fia Surety

Morris Plains, New Jersey, United States

Fia Surety specializes in surety bonds and has built a reputation for expertise and high limits of authority. Fia Surety was founded in 1979 and is based in Morris Plains, New Jersey.

Buy -