M&A Deal Summary

Tokio Marine Holdings Acquires CIH

On November 21, 2025, Tokio Marine Holdings acquired business services company CIH from Falfurrias Capital Partners

Acquisition Highlights
  • This is Tokio Marine Holdings’ 1st transaction in the Business Services sector.
  • This is Tokio Marine Holdings’ 7th transaction in the United States.
  • This is Tokio Marine Holdings’ 1st transaction in Illinois.

M&A Deal Summary

Date 2025-11-21
Target CIH
Sector Business Services
Buyer(s) Tokio Marine Holdings
Sellers(s) Falfurrias Capital Partners
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
K&L Gates (Legal)

Target

CIH

Chicago, Illinois, United States
CIH provides clients with the critical information, tools, and skills needed to make better marketing decisions. CIH also provides comprehensive risk management services to producers, importers/exporters, elevators, traders, and end-users in various agriculture industries, including hog, beef, dairy, poultry/feed, ethanol, and crop. CIH was founded in 1999 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Tokio Marine Holdings

Tokyo, Japan

Category Company
Founded 2002
Sector Insurance
Employees51,436
Revenue 7.58T JPY (2025)
DESCRIPTION

Tokio Marine Holdings is an entity that engages in non-life and life insurance, and financial and general businesses worldwide. Tokio Marine Holdings was founded in 2002 and is based in Tokyo, Japan.


DEAL STATS #
Overall 8 of 8
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 GCube Insurance Services

London, United Kingdom

GCube Insurance Services is an MGA specialized in risks related to renewable energy, such as wind, solar and hydro, whose supply is expected to expand rapidly on a global basis in the future. Moreover, renewable energy is receiving significant attention for its potential to mitigate climate change effects. GCube underwrites such risks mainly in the United States and Europe, in addition to Australia, South Africa and Asia.

Buy -

Seller(S) 1

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 20 of 20
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
State: Illinois M&A 1 of 1
Country: United States M&A 20 of 20
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-12 Woven Solutions

Reston, Virginia, United States

Woven Solutions is an engineering firm that provides cloud-native software development, cybersecurity, DevOps automation, data solutions and related technical services, primarily for national-security and government clients. Woven Solutions was founded in 2022 and is headquartered in Reston, Virginia.

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