M&A Deal Summary

Patriot Growth Partners Acquires Turner Insurance & Bonding

On February 12, 2019, Patriot Growth Partners acquired insurance company Turner Insurance & Bonding

Acquisition Highlights
  • This is Patriot Growth Partners’ 1st transaction in the Insurance sector.
  • This is Patriot Growth Partners’ 1st transaction in the United States.
  • This is Patriot Growth Partners’ 1st transaction in Alabama.

M&A Deal Summary

Date 2019-02-12
Target Turner Insurance & Bonding
Sector Insurance
Buyer(s) Patriot Growth Partners
Deal Type Add-on Acquisition

Target

Turner Insurance & Bonding

Montgomery, Alabama, United States
Turner Insurance & Bonding provides surety, insurance, and risk management products to a highly diverse construction client base. Turner Insurance & Bonding was formed in 1934 and is based in Montgomery, Alabama.

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Buyer(S) 1

Buyer

Patriot Growth Partners

Ft. Washington, Pennsylvania, United States

Category Company
Founded 2019
Sector Insurance
DESCRIPTION

Patriot Growth Partners is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. The company's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. It creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot Growth Partners was founded in 2019 and is based in Ft. Washington, Pennsylvania.


DEAL STATS #
Overall 1 of 11
Sector (Insurance) 1 of 11
Type (Add-on Acquisition) 1 of 11
State (Alabama) 1 of 1
Country (United States) 1 of 11
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Bowermaster and Associates Insurance Agency

Cypress, California, United States

Bowermaster and Associates Insurance Agency, Inc. is a full-service, multi-line agency with a core focus on property & casualty (P&C) insurance and risk management, specializing in the mid- to large-sized privately held business sector. Bowermaster and Associates Insurance Agency is based in Cypress, California.

Buy -