M&A Deal Summary

Risk Placement Services Acquires Forest Insurance Facilities

On January 29, 2024, Risk Placement Services acquired insurance company Forest Insurance Facilities

Acquisition Highlights
  • This is Risk Placement Services’ 7th transaction in the Insurance sector.
  • This is Risk Placement Services’ 7th transaction in the United States.
  • This is Risk Placement Services’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2024-01-29
Target Forest Insurance Facilities
Sector Insurance
Buyer(s) Risk Placement Services
Deal Type Add-on Acquisition

Target

Forest Insurance Facilities

Metairie, Louisiana, United States
Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA). Forest Insurance Facilities is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

Risk Placement Services

Itasca, Illinois, United States
Category Company
Founded 1979
Sector Insurance
DESCRIPTION

Risk Placement Services, Inc. is a Managing General Agency with a strong focus on Binding, Programs, Standard Lines Aggregation and Open Brokerage business.

DEAL STATS #
Overall 7 of 8
Sector (Insurance) 7 of 8
Type (Add-on Acquisition) 6 of 7
State (Louisiana) 1 of 1
Country (United States) 7 of 8
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 RHP

Houston, Texas, United States

RHP is a managing general agency specializing in residential property insurance. RHP was founded in 2014 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 CCI Surety

Golden Valley, Minnesota, United States

CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents. CCI Surety was formed in 1999 and is headquartered in Golden Valley, Minnesota.

Buy -
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