M&A Deal Summary |
|
|---|---|
| Date | 2024-07-01 |
| Target | Sunstar Insurance Group |
| Sector | Insurance |
| Buyer(s) | Reverence Capital Partners |
| Sellers(s) | BBH Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Piper Sandler & Co. (Financial) Bass, Berry & Sims (Legal) |
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Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 13 of 13 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
EverBank
Jacksonville, Florida, United States EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-15 |
Transact
Scottsdale, Arizona, United States Transact is a provider of campus engagement and payments solutions and a first-mover innovator in NFC mobile credentials, Transact enables institutions to identify and engage students, elevating the student experience through mission-critical transactions. Transact is based in Scottsdale, Arizona. |
Sell | $1.5B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Agnostic |
BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 6 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 9 of 10 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-10 |
Utility Pipeline
Canton, Ohio, United States Utility Pipeline is a provider of natural gas distribution and related services to residential, commercial, industrial and government customers across rural and suburban areas of Ohio, Pennsylvania, Indiana, Virginia and West Virginia. Utility Pipeline was founded in 1995 and is based in Canton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-02-19 |
DynaGrid
Lewisville, Texas, United States DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure. DynaGrid was formed in 2012 and is headquartered in Lewisville, Texas. |
Sell | - |
