M&A Deal Summary

TIH Insurance Holdings Acquires BenefitMall

On August 8, 2022, TIH Insurance Holdings acquired business services company BenefitMall from The Carlyle Group

Acquisition Highlights
  • This is TIH Insurance Holdings’ 2nd transaction in the Business Services sector.
  • This is TIH Insurance Holdings’ 4th transaction in the United States.
  • This is TIH Insurance Holdings’ 2nd transaction in Texas.

M&A Deal Summary
Date 2022-08-08
Target BenefitMall
Sector Business Services
Buyer(s) TIH Insurance Holdings
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Advisor(s) Jones Day (Legal)

Target

BenefitMall

Dallas, Texas, United States
BenefitMall is a national provider of employee benefits, payroll, HR and employer services. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform. BenefitMall was founded in 1979 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

TIH Insurance Holdings

Charlotte, North Carolina, United States
Category Company
Sector Insurance
DESCRIPTION

TIH Insurance Holdings is an insurance broker that operates more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and it's Premium Finance companies (AFCO Credit Corporation, Prime Rate Premium Finance Corporation, Inc., and CAFO Inc.). TIH Insurance Holdings is based in Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 5
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Texas) 2 of 2
Country (United States) 4 of 5
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 KV National Land

New York, New York, United States

KV National Land is a full‐service national title insurance and settlement agency. The Company provides commercial and residential title insurance, settlement, escrow, and 1031 exchange services. KV National Land was founded in 2008 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 BankDirect Capital Finance

Lake Forest, Illinois, United States

BankDirect Capital Finance is a provider of insurance financing solutions, products, and services. BankDirect Capital Finance was founded in 2005 and is based in Lake Forest, Illinois.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 451 of 480
Sector (Business Services) 22 of 22
Type (Add-on Acquisition) 188 of 197
State (Texas) 37 of 38
Country (United States) 247 of 259
Year (2022) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Ocmis

Castelvetro di Modena, Italy

Ocmis designs, manufactures and sells a comprehensive range of technologically advanced sprinkling irrigation solutions and related accessories for use in the agricultural sector. Ocmis was founded in 1970 and is based in Castelvetro di Modena, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Extreme Reach

Dedham, Massachusetts, United States

Extreme Reach is a provider of integrated cross-media video advertising and talent solutions that span TV, Web, Mobile, and all other video media. Extreme Reach was founded in 2008 and is based in Dedham, Massachusetts.

Sell -
Mergr

Product

Company

Legal