M&A Deal Summary

Trisura Group Acquires First Founders

On March 26, 2024, Trisura Group acquired insurance company First Founders

Acquisition Highlights
  • This is Trisura Group’s 2nd transaction in the Insurance sector.
  • This is Trisura Group’s 1st transaction in the United States.
  • This is Trisura Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-03-26
Target First Founders
Sector Insurance
Buyer(s) Trisura Group
Deal Type Add-on Acquisition

Target

First Founders

Chester, New Jersey, United States
First Founders is a Treasury-listed surety company that specializes in providing Customs bonds and other federal bonds related to the import and export industry. First Founders is based in Chester, New Jersey.

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Buyer(S) 1

Buyer

Trisura Group

Toronto, Ontario, Canada

Category Company
Founded 2017
Sector Insurance
Revenue 711M CAD (2023)
DESCRIPTION

Trisura Group is a specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market. Trisura Group is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 Sovereign General Insurance - Surety Business

Calgary, Alberta, Canada

Sovereign General Insurance's Surety Business is a provider of insurance services in Calgary, Canada.

Buy -