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  6. Socius Acquires Kelly Underwriting Services

M&A Deal Summary

Socius Acquires Kelly Underwriting Services

On January 18, 2023, Socius acquired insurance company Kelly Underwriting Services

Acquisition Highlights
  • This is Socius’ 1st transaction in the Insurance sector.
  • This is Socius’ 1st transaction in the United States.
  • This is Socius’ 1st transaction in New York.

M&A Deal Summary
Date 2023-01-18
Target Kelly Underwriting Services
Sector Insurance
Buyer(s) Socius
Deal Type Add-on Acquisition

Target

Kelly Underwriting Services

Farmingdale, New York, United States
Kelly Underwriting Services is an outsourced underwriting for professional liability related risks. Kelly Underwriting Services is based in Farmingdale, New York.

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Buyer(S) 1

Buyer

Socius

San Francisco, California, United States
Category Company
Founded 1997
Sector Insurance
Employees90
Revenue 40M USD (2023)
DESCRIPTION

Socius is a property/casualty and management liability wholesale broker based in San Francisco, with regional offices in Los Angeles; Elgin, IL; Birmingham, AL; Austin, TX; Tampa and Miami, FL; Philadelphia; and Summit, NJ. Socius specializes in D&O, E&O, EPL, Cyber, Property & Casualty, and Umbrella coverages. Socius was founded in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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