M&A Deal Summary

Vanbridge Holdings Acquires Mercator Risk Services

On January 9, 2014, Vanbridge Holdings acquired insurance company Mercator Risk Services from Preferred Concepts

Acquisition Highlights
  • This is Vanbridge Holdings’ 1st transaction in the Insurance sector.
  • This is Vanbridge Holdings’ 1st transaction in the United States.
  • This is Vanbridge Holdings’ 1st transaction in New York.

M&A Deal Summary

Date 2014-01-09
Target Mercator Risk Services
Sector Insurance
Buyer(s) Vanbridge Holdings
Sellers(s) Preferred Concepts
Deal Type Divestiture

Target

Mercator Risk Services

New York, New York, United States
Mercator Risk Services, a major wholesale broker, specializing in the placement of property, casualty and professional liability lines of business.

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Buyer(S) 1

Buyer

Vanbridge Holdings

Hamilton, Bermuda

Category Company
Founded 2013
Sector Insurance
DESCRIPTION

Vanbridge Holdings Ltd. provides insurance intermediary and capital advisory services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Preferred Concepts

New York, New York, United States

Category Company
Founded 1989
Sector Insurance
DESCRIPTION

Preferred Concepts LLC is an insurance program underwriter and wholesale broker. The company’s operating divisions include Preferred Concepts, a program administrator; Preferred Underwriting, a program underwriter; Preferred Brokerage, a wholesale broker; and ezumbrella.com, an online umbrella liability program.


DEAL STATS #
Overall 2 of 3
Sector: Insurance M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Preferred Advantage Branch in Hartford

Hartford, Connecticut, United States

Preferred Advantage Branch in Hartford, specializes in providing property and casualty insurance solutions to small and medium businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 SeaFire Insurance Services

Overland Park, Kansas, United States

SeaFire specializes in providing auto dealerships and repair shops with property/casualty (P/C) insurance underwriting solutions, including garage liability, property, pollution, auto physical damage, and umbrella liability through several top-rated insurers.

Sell -