M&A Deal Summary

Stone Point Capital Acquires NEBCO Insurance Services

On January 1, 2013, private equity firm Stone Point Capital acquired insurance company NEBCO Insurance Services

Acquisition Highlights
  • This is Stone Point Capital’s 23rd transaction in the Insurance sector.
  • This is Stone Point Capital’s 42nd transaction in the United States.
  • This is Stone Point Capital’s 5th transaction in Connecticut.

M&A Deal Summary

Date 2013-01-01
Target NEBCO Insurance Services
Sector Insurance
Buyer(s) Stone Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

NEBCO Insurance Services

Greenwich, Connecticut, United States
NEBCO Insurance Services, is a Greenwich‑based, high-net-worth-oriented personal lines insurance broker. The company was founded in 1979 and provides insurance and financial services nationwide with concentrations in the greater New York City area, Coastal New England and Florida. NEBCO is currently licensed in all 50 states, allowing the company to cost-effectively insure client assets in multiple locations. In addition, NEBCO operates a high-touch customer service model, handling claims on behalf of customers on a 24x7 basis.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 52 of 114
Sector (Insurance) 23 of 31
Type (Buyout (LBO, MBO, MBI)) 28 of 36
State (Connecticut) 5 of 5
Country (United States) 42 of 101
Year (2013) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Cunningham Lindsey Group

Mississauga, Ontario, Canada

Cunningham Lindsey Group is a provider of insurance claims management services, including claims adjusting, appraisal and claims and risk management for property and casualty insurance losses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 Standard Bancshares

Hickory Hills, Illinois, United States

Standard Bancshares is the holding company for Standard Bank & Trust, a commercial bank with 42 branches serving communities throughout the Chicago area and northwest Indiana. Standard has total assets of approximately $2.5 billion with $2.2 billion in deposits, of which over 90% are core deposits, and $1.8 billion in loans, of which 80% are commercial-related.

Buy -