M&A Deal Summary

Tiptree Acquires Fortegra

On August 12, 2014, Tiptree acquired insurance company Fortegra for 218M USD

Acquisition Highlights
  • This is Tiptree’s 1st transaction in the Insurance sector.
  • This is Tiptree’s largest (disclosed) transaction.
  • This is Tiptree’s 1st transaction in the United States.
  • This is Tiptree’s 1st transaction in Florida.
Investment Fate
  • Fortegra was sold to a financial buyer in 2021.

M&A Deal Summary
Date 2014-08-12
Target Fortegra
Sector Insurance
Buyer(s) Tiptree
Deal Type Add-on Acquisition
Deal Value 218M USD
Advisor(s) Willis Capital Markets & Advisory (Financial)

Target

Fortegra

Jacksonville, Florida, United States
Fortegra is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Tiptree

Greenwich, Connecticut, United States
Category Company
Founded 2007
Sector Insurance
Employees1,504
Revenue 1.6B USD (2023)
DESCRIPTION

Tiptree is a holding company that combines insurance operations with investment management expertise. Tiptree principal operating subsidiary is a leading provider of specialty insurance products and related services. We also invest through Tiptree Capital across a broad spectrum of opportunities. Tiptree was founded in 2007 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-29 Philadelphia Financial Group

Philadelphia, Pennsylvania, United States

Philadelphia Financial Group is a specialty insurer and administration company. Philadelphia Financial Group was founded in 1988 and is based in Philadelphia, Pennsylvania.

Sell $155M
Mergr

Product

Company

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