M&A Deal Summary

RM Ocean Harbor Holding Acquires Great Northwest Insurance Co.

On May 10, 2011, RM Ocean Harbor Holding acquired insurance company Great Northwest Insurance Co. from Clarion Capital Partners

Acquisition Highlights
  • This is RM Ocean Harbor Holding’s 1st transaction in the Insurance sector.
  • This is RM Ocean Harbor Holding’s 1st transaction in the United States.
  • This is RM Ocean Harbor Holding’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2011-05-10
Target Great Northwest Insurance Co.
Sector Insurance
Buyer(s) RM Ocean Harbor Holding
Sellers(s) Clarion Capital Partners
Deal Type Add-on Acquisition

Target

Great Northwest Insurance Co.

St. Paul, Minnesota, United States
Great Northwest Insurance Company is a personal lines insurance business, which implements an innovative, low-cost/overhead model.

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Buyer(S) 1

Buyer

RM Ocean Harbor Holding

Wilmington, Delaware, United States

Category Company
Founded 1985
Sector Insurance
DESCRIPTION

RM Ocean Harbor Holding, Inc. is a provider of insurance services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 5 of 16
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 10
State: Minnesota M&A 2 of 2
Country: United States M&A 5 of 15
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-13 Crowe Paradis Services

North Reading, Massachusetts, United States

Crowe Paradis Services is an insurance services firm, specializing in Medicare Set-Aside Account allocations (MSAs). An MSA is a legally required element of certain workers? compensation and general liability claim settlements. Crowe Paradis? innovative approach to addressing MSAs, using both medical and legal expertise, distinguishes it from other MSA vendors.

Sell $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 Hartmann

Lebanon, Tennessee, United States

Hartmann is a quintessential American luxury brand, with over 130 years of design, quality, and innovation experience.

Sell -