Add-on Acquisition • Insurance

Specialty Program Group Acquires Anova

On July 31, 2025, Specialty Program Group acquired insurance company Anova

Acquisition Context
  • This is Specialty Program Group’s 20th transaction in the Insurance sector.
  • This is Specialty Program Group’s 20th transaction in the United States.
  • This is Specialty Program Group’s 2nd transaction in Florida.

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M&A Deal Summary

Date July 31, 2025
Target Anova
Sector Insurance
Buyer(s) Specialty Program Group
Deal Type Add-on Acquisition

Target Company

Anova

Pembroke Pines, Florida, United States
Anova is a full-service managing general agency specializing in cargo and logistics insurance, transportation insurance, liability insurance, and bonds. Anova was founded in 2011 and is based in Pembroke Pines, Florida.
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Buyer Overview 1

Buyer

Specialty Program Group

Summit, New Jersey, United States

Category Company
Sector Insurance
DESCRIPTION

Specialty Program Group is a provider of underwriting and specialty businesses.


Deal Context for Buyer #
Overall 20 of 20
Sector: Insurance 20 of 20
Type: Add-on Acquisition 19 of 19
State: Florida 2 of 2
Country: United States 20 of 20
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Total Benefit Solutions

Bellevue, Washington, United States

Total Benefit Solutions is an insurance brokerage that specializes in group health insurance tailored for small- to mid-sized businesses operating both in the U.S. and internationally. Total Benefit Solutions is based in Bellevue, Washington.

Buy -