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M&A Deal Summary

Prime Risk Partners Acquires Employee Plans

On May 2, 2016, Prime Risk Partners acquired insurance company Employee Plans from Old National Insurance

Acquisition Highlights
  • This is Prime Risk Partners’ 4th transaction in the Insurance sector.
  • This is Prime Risk Partners’ 4th transaction in the United States.
  • This is Prime Risk Partners’ 3rd transaction in Indiana.

M&A Deal Summary
Date 2016-05-02
Target Employee Plans
Sector Insurance
Buyer(s) Prime Risk Partners
Sellers(s) Old National Insurance
Deal Type Divestiture

Target

Employee Plans

Fort Wayne, Indiana, United States
Employee Plans LLC is a provider of employee benefit services to thousands of members. Company focus is to offer creative solutions to serious business problems that make financial sense as company navigate through the ever changing employee benefit landscape.

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Buyer(S) 1

Buyer

Prime Risk Partners

Alpharetta, Georgia, United States
Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Prime Risk Partners is a provider of insurance distribution platform through selective acquisitions, strategic new hires, and thoughtful operations. Prime Risk Partners was founded in 2014 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 4 of 6
Sector: Insurance M&A 4 of 6
Type: Divestiture M&A Deals 2 of 2
State: Indiana M&A 3 of 3
Country: United States M&A 4 of 6
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 J.W.F. Specialty Co.

Indianapolis, Indiana, United States

J.W.F. Specialty Co., Inc. are one of the largest risk management, insurance brokerage and third-party administrators in the central Indiana marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Gunn Steers & Company

New York, New York, United States

Gunn, Steers & Company LLC is an insurance broker for financial institutions and asset management companies. Gunn, Steers & Company LLC was established in 1925 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Old National Insurance

Indianapolis, Indiana, United States
Category Company
Founded 1992
Sector Insurance
Employees270
DESCRIPTION

Old National Insurance is a provider of services and insurance solutions tailored to clients’ needs. From business, personal, and employee benefit insurance needs to claims administration services and alternative risk management consulting, can count on the ONI team of professional insurance advisors to provide hands-on attention and worry-free claims service. ONI has over 270 employees in offices throughout Indiana and in Louisville, KY and Danville, IL. ONI is the 78th largest broker in the United States per Business Insurance as well as one of the leading insurance agencies in the Midwest.

DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Indiana M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 J.W.F. Specialty Co.

Indianapolis, Indiana, United States

J.W.F. Specialty Co., Inc. are one of the largest risk management, insurance brokerage and third-party administrators in the central Indiana marketplace.

Sell -
Mergr

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