Divestiture • Insurance

Specialty Program Group Acquires MarketScout - Workers Compensation Business

On June 7, 2017, Specialty Program Group acquired insurance company MarketScout - Workers Compensation Business from MarketScout

Acquisition Context
  • This is Specialty Program Group’s 3rd transaction in the Insurance sector.
  • This is Specialty Program Group’s 3rd transaction in the United States.
  • This is Specialty Program Group’s 1st transaction in Texas.

Explore All 796 Divestiture Insurance Deals - Search the Database Free


M&A Deal Summary

Date June 7, 2017
Target MarketScout - Workers Compensation Business
Sector Insurance
Buyer(s) Specialty Program Group
Sellers(s) MarketScout
Deal Type Divestiture

Target Company

MarketScout - Workers Compensation Business

Dallas, Texas, United States
MarketScout - Workers Compensation Business is specializing in underwriting for hard to place, high hazard risks in various industries including transportation, construction, healthcare, retail, and manufacturing.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

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 3 of 20
Sector: Insurance 3 of 20
Type: Divestiture 1 of 1
State: Texas 1 of 3
Country: United States 3 of 20
Year: 2017 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Paul Hanson Partners

Napa, California, United States

Paul Hanson Partners is a national program administrator specializing in providing risk management and insurance solutions to the transportation industry, specifically the moving and storage and last mile delivery segments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Borisoff Insurance Services

Burbank, California, United States

Borisoff Insurance Services, Inc. (dba Monarch E&S Insurance Services) is a full service MGA and wholesale brokerage firm providing solutions for many different lines of business in both the commercial and personal lines segments. Borisoff Insurance Services is based in Burbank, California.

Buy -

Seller Profile 1

SELLER

MarketScout

Dallas, Texas, United States

Category Company
Sector Insurance
DESCRIPTION

MarketScout is a specialty insurance distribution and underwriting company headquartered in Dallas, Texas. The firm is a Lloyd's Coverholder and MGA for U.S. insurers. MarketScout owns and operates the MarketScout Exchange and is the National Alliance's exclusively endorsed broker for Certified Insurance Counselors (CIC's).


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1