M&A Deal Summary

TIH Insurance Holdings Acquires KV National Land

On February 8, 2022, TIH Insurance Holdings acquired business services company KV National Land from Stone Point Capital

Acquisition Highlights
  • This is TIH Insurance Holdings’ 1st transaction in the Business Services sector.
  • This is TIH Insurance Holdings’ 3rd transaction in the United States.
  • This is TIH Insurance Holdings’ 2nd transaction in New York.

M&A Deal Summary
Date 2022-02-08
Target KV National Land
Sector Business Services
Buyer(s) TIH Insurance Holdings
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

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.

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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 3 of 5
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (New York) 2 of 2
Country (United States) 3 of 5
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Constellation Affiliated Partners

New York, New York, United States

Constellation Affiliated Partners is a national Managing General Agent insurance distribution platform. Developed as a platform buy-and-build in partnership with experienced insurance executive, Bill Goldstein, Constellation’s strategy is centered around partnering with MGAs, MGUs, and specialty wholesalers to establish a diversified scale book of premiums and distribution capabilities for its carrier partners. The company writes a diverse set of insurance lines, including contractors’ general liability, commercial transportation, specialty, and professional liability. Constellation Affiliated Partners was formed in 2019 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 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.

Buy -

Seller(S) 1

SELLER

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 51 of 55
Sector (Business Services) 7 of 8
Type (Add-on Acquisition) 26 of 28
State (New York) 10 of 10
Country (United States) 45 of 49
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 JND Legal Administration

Seattle, Washington, United States

JND Legal Administration is a management and administration company delivering service lines in a class action, bankruptcy, eDiscovery, government services, and mass tort. JND’s team of industry veterans is passionate about providing outstanding service to clients. Armed with decades of expertise and a powerful set of tools, JND has deep experience expertly navigating the intricacies of class action settlements, corporate restructuring, eDiscovery, mass tort claims, and government services. JND Legal was founded in 2016 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 LTCG

Eden Prairie, Minnesota, United States

LTCG is a provider of administrative solutions and clinical services to the long-term care and life insurance industry, with over two decades of experience in this space. LTCG was founded in 1996 and is based in Eden Prairie, Minnesota.

Sell -
Mergr

Product

Company

Legal