Insurance Acquisitions in 2025

  • Buyer
    J.C. Flowers & Co.
    Target
    Elephant Insurance Company, Elephant Insurance Services
    Seller
    Admiral Group plc
    Industry
    Insurance
    Type
    Buyout

    J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.

  • Buyer
    Inszone Insurance Services
    Target
    Pikes Peak Insurance Agency
    Seller
    Chris Wood, Pikes Peak Insurance Agency
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services, a Sacramento-based full-service insurance broker, has acquired Pikes Peak Insurance Agency of Falcon, Colorado. The deal expands Inszone's Colorado presence and brings the locally trusted personal and commercial-lines agency and its founder Chris Wood into Inszone's national platform, with Wood remaining on-site to support continuity for clients.

  • Buyer
    Inszone Insurance Services
    Target
    Sample Insurance Group, LLC
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.

  • Buyer
    Inszone Insurance Services
    Target
    Shahinian Insurance Services, Inc.
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Shahinian Insurance Services, Inc., a California-based specialty agency founded in 1974 known for event liability, vendor programs and a long-standing risk purchasing group. Shahinian will continue operating under its existing team while gaining Inszone's national platform, carrier access and operational resources to support continued growth.

  • Buyer
    Inszone Insurance Services
    Target
    Northern Insurance Group, Ltd.
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Northern Insurance Group, Ltd., a long-established independent agency based in Illinois. Northern Insurance will continue to operate in place and will be supported by Inszone’s broader platform, carrier access, and technology to support continued growth.

  • Buyer
    Inszone Insurance Services
    Target
    Mark V. Williamson Co., Inc. (Williamson Insurance)
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Mark V. Williamson Co., Inc. (Williamson Insurance), an independent agency based in Little Rock, Arkansas. The deal expands Inszone’s presence in Arkansas and provides Williamson Insurance with additional resources, technology and carrier relationships while preserving the local team.

  • Buyer
    Inszone Insurance Services
    Target
    Voyage Benefits, LLC
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services has acquired Voyage Benefits, LLC, a Grand Rapids, Michigan-based health and life insurance agency led by Kelly Syren. The acquisition expands Inszone's benefits capabilities and presence in Michigan while Voyage Benefits will continue operating from its Grand Rapids location with access to Inszone's carrier relationships and resources.

  • Buyer
    Warner Pacific, Lovell Minnick Partners
    Target
    Local Insurance Advisors
    Industry
    Insurance
    Type
    Addon

    Warner Pacific, a national general agency backed by Lovell Minnick Partners, has completed the acquisition of Local Insurance Advisors (LIA), an Oklahoma-based Medicare and individual health insurance advisory firm. The deal expands Warner Pacific's Midwest footprint and enhances its Medicare and individual health insurance distribution capabilities, with LIA co-owners joining Warner Pacific as Regional Vice Presidents.

  • December 18, 2025
    Buyer
    Enlyte
    Target
    PartsTrader
    Industry
    Insurance
    Type
    Buyout

    Enlyte has entered into a definitive agreement to acquire PartsTrader, a parts procurement marketplace for the collision-repair ecosystem. PartsTrader will become a wholly owned subsidiary of Enlyte and operate as an independent, open, neutral platform alongside Mitchell’s Auto Physical Damage division. The transaction is expected to close in 2026, subject to regulatory approvals and customary closing conditions.

  • Buyer
    IK Partners, IK Small Cap IV Fund (IK SC IV)
    Target
    Ascora Group
    Seller
    Stéphane Henry
    Industry
    Insurance
    Location
    Île-de-France, France
    Type
    Buyout

    IK Partners’ Small Cap IV fund has acquired a majority stake in Ascora Group in a management buyout that supports founder Stéphane Henry’s succession. The deal strengthens Ascora’s buy-and-build strategy across France—particularly in Real Estate and Property & Casualty—while enabling CEO Bruno Deschamps and the management team to increase their ownership and accelerate investments in sales and digital tools.

  • Buyer
    NFP
    Target
    Alan J. Zuccari, Inc. dba Hamilton Insurance Agency
    Industry
    Insurance
    Type
    Buyout

    NFP, an Aon company, has acquired Alan J. Zuccari, Inc. dba Hamilton Insurance Agency, a Fairfax, Virginia-based insurance brokerage specializing in senior living and long-term care. The deal brings Hamilton's risk management, integrated benefits administration technology (BeneLink Connect) and Electronic Risk Management Assistant into NFP's platform to expand capabilities for senior housing and long-term care clients.

  • Buyer
    Peloton Capital Management
    Target
    Starfish Specialty Insurance
    Industry
    Insurance

    Peloton Capital Management has made a strategic minority investment in Starfish Specialty Insurance, a New York–based managing general agent (MGA). The capital will support Starfish’s rapid scaling plans and position the company to pursue strategic acquisitions while keeping the founding team as significant stakeholders.

  • Buyer
    Trucordia
    Target
    Global Financial & Insurance Services, Inc.
    Industry
    Insurance
    Type
    Addon

    Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's nationwide insurance platform, adding local presence in the Dallas–Fort Worth area and access to Global Financial's personal, commercial and specialty industry insurance capabilities.

  • Buyer
    Trucordia
    Target
    Global Financial & Insurance Services
    Industry
    Insurance
    Type
    Buyout

    Trucordia, a top-20 U.S. insurance brokerage based in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's national insurance platform and adds localized insurance, risk-management and financial planning capabilities across multiple U.S. markets.

  • Buyer
    Jordan Partners LLC
    Target
    Vanguard Claims Administration, Inc.
    Seller
    Gilliam family (founders)
    Industry
    Insurance

    Jordan Partners LLC has made a strategic growth investment in Vanguard Claims Administration, a family-owned third-party administrator (TPA) and independent adjusting platform serving property and casualty insurance markets. The capital will support Vanguard’s investments in technology, data/reporting, client infrastructure and a disciplined tuck-in acquisition strategy while preserving founder-led culture and client relationships.

  • Buyer
    LNC Partners
    Target
    Bennie Health, Inc.
    Industry
    Insurance

    LNC Partners, a middle-market private equity firm, has completed a strategic growth investment in Bennie Health, a New York–based employee benefits broker and HR-focused technology platform. The capital will be used to accelerate Bennie's growth, expand its employee-facing technology, and support strategic M&A initiatives.

  • Buyer
    SIB Corp. (StoneRidge Insurance Brokers), CIVC Partners
    Target
    Coreservice Insurance Brokers Inc.
    Seller
    Kevin Choi, Halim Lee
    Industry
    Insurance
    Location
    Ontario, Canada
    Type
    Addon

    SIB Corp. (StoneRidge Insurance Brokers), a PE-backed Canadian insurance brokerage platform, has acquired Coreservice Insurance Brokers Inc., a North York, Ontario-based full-service brokerage. Founders Kevin Choi and Halim Lee will remain in leadership during a gradual transition as SIB expands its footprint in the Greater Toronto Area to strengthen personal and commercial lines capabilities.

  • Buyer
    Marsh McLennan Agency
    Target
    Atlas Insurance Agency, Pyramid Insurance Centre, IC International
    Seller
    Tradewind Group
    Industry
    Insurance
    Type
    Buyout

    Marsh McLennan Agency (MMA) has acquired three Honolulu-based brokerages — Atlas Insurance Agency, Pyramid Insurance Centre, and IC International — from Tradewind Group. The brokerages and their employees will join MMA and continue operating locally as the firm expands its presence and capabilities across Hawai‘i; financial terms were not disclosed.

  • Buyer
    EPIC Insurance Brokers & Consultants, Interstate Motor Carriers Agency, Inc.
    Target
    Sentry Transportation's direct writing operation (Sentry Insurance)
    Seller
    Sentry Insurance
    Industry
    Insurance

    EPIC Insurance Brokers & Consultants has acquired Sentry Transportation's direct writing operation, a carve-out from Sentry Insurance that brings more than 500 transportation clients and the associated team. The acquired operation and team will join EPIC's Interstate Motor Carriers business, strengthening EPIC's national Transportation & Logistics practice and trucking insurance capabilities.

  • Buyer
    King Risk Partners
    Target
    Arnold Insurance Agency
    Industry
    Insurance
    Type
    Addon

    King Risk Partners, a national insurance brokerage headquartered in Gainesville, Florida, has acquired Arnold Insurance Agency, an independent insurance firm based in Reynoldsburg, Ohio. The deal expands King Risk Partners' Midwest footprint and enhances its local capabilities in construction, small business, personal insurance, risk management, and surety bond services.

  • Buyer
    Amynta Group
    Target
    Global Surety, LLC, International Sureties Limited, International Sureties SARL
    Industry
    Insurance
    Type
    Buyout

    Amynta Group has completed its acquisition of Global Surety, LLC, International Sureties Limited, and International Sureties SARL (collectively, “International Sureties”). International Sureties is a specialty surety broker offering commercial surety products including admiralty, court, bankruptcy, logistics, and license & permit bonds.

  • Buyer
    King Risk Partners
    Target
    Stewart Agency
    Industry
    Insurance
    Type
    Buyout

    King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired Stewart Agency, an independent insurance firm with locations in Elmira and Corning, New York. The deal expands King Risk Partners' presence in New York and strengthens its personal and business insurance offerings in the region.

  • Buyer
    Confie
    Target
    TGS Insurance Agency
    Industry
    Insurance
    Type
    Addon

    Confie, operating its InsureOne platform, has acquired Houston-based TGS Insurance Agency to accelerate InsureOne's national expansion in standard personal lines and small commercial insurance. The deal adds more than 130 insurance professionals to Confie and will expand scale in high-growth markets including Texas, Florida, and Louisiana; financial terms were not disclosed.

  • Buyer
    The Hilb Group, LLC
    Target
    Unnamed Michigan-based property and casualty agency (name not disclosed)
    Industry
    Insurance
    Type
    Addon

    The Hilb Group, a Carlyle-backed insurance brokerage based in Richmond, Virginia, has acquired a Michigan-based property and casualty agency effective December 1, 2025. The acquisition expands Hilb Group's property and casualty footprint across the Midwest as part of its ongoing roll-up strategy.

  • Buyer
    Trucordia
    Target
    Charles River Insurance
    Industry
    Insurance
    Type
    Buyout

    Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts with an additional office in Leominster. The acquisition strengthens Trucordia's presence in New England and expands its local personal and commercial lines capabilities.

  • Buyer
    Tokio Marine Holdings, Inc.
    Target
    Commodity & Ingredient Hedging (CIH)
    Seller
    Falfurrias Capital Partners
    Industry
    Insurance
    Type
    Buyout

    Tokio Marine Holdings, Inc. has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH), a technology-enabled risk management solutions provider for agricultural and commodity markets, from Falfurrias Capital Partners. The deal is expected to close in the first quarter of 2026, subject to regulatory approvals.

  • Buyer
    King Risk Partners
    Target
    Acacia Insurance
    Industry
    Insurance
    Type
    Addon

    King Risk Partners has acquired Acacia Insurance, an independent insurance agency headquartered in Waltham, Massachusetts, to expand its presence in the New England market. The deal adds Acacia's personal and commercial lines expertise and local client relationships to King Risk's platform to accelerate regional growth and broaden service offerings.

  • Buyer
    Ardian, Groupe Burrus, Ontario Teachers' Pension Plan Board, Bpifrance, Mubadala Investment Company, Diot-Siaci Management
    Target
    Diot-Siaci Group
    Seller
    Cathay Capital
    Industry
    Insurance
    Location
    Île-de-France, France

    Cathay Capital has completed the sale of its approximately 5% minority stake in the Diot-Siaci Group, closing the ownership restructuring that was announced earlier in 2025. The buyer for Cathay's stake was not disclosed in the announcement; the group's shareholder base includes the Burrus Group and management as majority holders and institutional investors such as Ontario Teachers', Bpifrance and Mubadala, with Ardian named as a lead investor in the broader ownership reorganisation.

  • Buyer
    JAB Insurance
    Target
    Columbian Mutual Life Insurance Company, Columbian Life Insurance Company
    Seller
    Rehabilitator of CML and her staff at the New York Liquidation Bureau (NYLB), Rehabilitator of CLIC at the Illinois Office of the Special Deputy (OSD)
    Industry
    Insurance
    Type
    Buyout

    JAB Insurance has signed a purchase agreement to acquire New York-based Columbian Mutual Life Insurance Company and its Illinois-based subsidiary, Columbian Life Insurance Company, collectively known as Columbian Financial Group, as the centerpiece of CML’s proposed Plan of Rehabilitation. The deal will provide new equity capital to help the rehabilitated insurers emerge with policyholder contracts intact, pending court and regulatory approvals.

  • Buyer
    King Risk Partners
    Target
    Stuart Surles Insurance
    Industry
    Insurance
    Type
    Buyout

    King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.

  • Buyer
    NMS Capital Group
    Target
    Get Cover Technologies (parent of Get Cover)
    Industry
    Insurance
    Type
    Buyout

    NMS Capital Group, the Saliba family office-backed private equity firm, has acquired Get Cover Technologies, the parent company of Get Cover, a Los Angeles-based insurtech that provides cloud-based warranty and service contract solutions. The deal positions NMS to expand its presence in technology-enabled insurance while enabling Get Cover to scale its platform across B2B, B2C and education channels and accelerate product rollout and customer growth.

  • Buyer
    Equal Parts, Strategic Insurance
    Target
    Blue Star Insurance Agency
    Industry
    Insurance
    Type
    Addon

    Austin-based insurance platform Equal Parts announced the acquisition of Blue Star Insurance Agency, a local brokerage in Belen, New Mexico. The deal — executed as part of Equal Parts' roll-up strategy and shortly after Strategic Insurance joined the Equal Parts platform — expands the platform's New Mexico footprint and supports Strategic Insurance's local growth efforts.

  • Buyer
    H.I.G. Capital
    Target
    Rely Home
    Industry
    Insurance

    H.I.G. Capital, through one of its affiliates, has made a strategic investment in Rely Home, a nationwide home warranty provider. Rely’s founder Victor Hakim and senior management will continue to lead the business and retain a significant ownership stake; the investment will support Rely’s expansion, technology enhancements, and improvements to the customer and technician experience.

  • Buyer
    Amynta Group, First Nonprofit Companies, Inc. (FNP)
    Target
    Nonprofit Services Insurance Agency, Inc. (NPS)
    Industry
    Insurance
    Type
    Buyout

    Amynta Group’s subsidiary First Nonprofit Companies, Inc. (FNP) has acquired Nonprofit Services Insurance Agency, Inc. (NPS), a Longview, Washington-based provider of captive management unemployment insurance solutions for nonprofit organizations. Terms were not disclosed; NPS founders Dennis Costa and Mark Hanson will remain with the business as it integrates into FNP to expand and diversify FNP’s nonprofit unemployment insurance offerings.

  • Buyer
    Alliant Insurance Services
    Target
    Highpoint Insurance Group
    Industry
    Insurance
    Type
    Buyout

    Alliant Insurance Services has acquired Highpoint Insurance Group, a multi-line broker based in Friendswood, Texas. Highpoint’s 44 employees will operate as Alliant as the transaction expands Alliant’s footprint in the Greater Houston market and strengthens capabilities in commercial and personal lines as well as employee benefits, with growth opportunities in oil & gas and construction/surety.

  • Buyer
    FutureProof Technologies
    Target
    Terrafuse AI
    Industry
    Insurance
    Location
    United States
    Type
    Buyout

    FutureProof Technologies entered into a definitive agreement to acquire Terrafuse AI, a wildfire risk analytics company with patented, highly granular wildfire prediction models. The deal combines Terrafuse’s wildfire forecasting technology with FutureProof’s AI-enabled underwriting and pricing platform to expand wildfire risk insurance availability and affordability, particularly deeper into Western wildfire regions.

  • Buyer
    DB Insurance Co., Ltd.
    Target
    The Fortegra Group, Inc.
    Industry
    Insurance
    Type
    Buyout

    DB Insurance has entered into a definitive agreement to acquire 100% of the outstanding shares of The Fortegra Group, Inc. (“Fortegra”) for approximately $1.65 billion, financed entirely from DB Insurance’s internal cash reserves. The deal is intended to expand DB Insurance’s scale and capabilities as it grows internationally and strengthens its position in U.S. specialty P&C, warranty, and related sectors.

  • Buyer
    Align Capital Partners
    Target
    Advantage Investigations
    Seller
    MD Holdings
    Industry
    Insurance

    Align Capital Partners (ACP) completed a growth capital investment in Advantage Investigations, a national insurance investigative services platform, with CEO Shelly Kummings remaining in place. The partnership will support Advantage's national expansion, technology and AI investments, and continued M&A activity to expand its insurance services offerings.

  • Buyer
    Aquarian Capital LLC, Aquarian Capital LLC affiliate
    Target
    Brighthouse Financial, Inc.
    Industry
    Insurance
    Type
    Buyout

    Aquarian Capital LLC, through an affiliate, has signed a definitive merger agreement to acquire Brighthouse Financial, Inc. for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion. The deal is expected to close in 2026, subject to shareholder approval and regulatory approvals, with Brighthouse Financial remaining headquartered in Charlotte, North Carolina and operating under its existing name and brand.

  • Buyer
    Keyes Coverage
    Target
    Filer Insurance
    Industry
    Insurance
    Type
    Addon

    Keyes Coverage, a Florida-based insurance broker and Keystone platform partner, has acquired Filer Insurance, a Miami insurance agency founded in 1919. The acquisition expands Keyes Coverage's presence in South Florida and brings Filer's legacy client relationships and local expertise into the Keyes/Keystone network.

  • Buyer
    TWFG
    Target
    Alabama Insurance Agency, Inc.
    Industry
    Insurance
    Type
    Buyout

    TWFG, a national independent insurance distribution platform headquartered in The Woodlands, Texas, has acquired Alabama Insurance Agency, Inc. and its network of 20 affiliated offices across Alabama. The deal expands TWFG's presence in the Southeastern United States and gives the agency access to broader carrier relationships, technology resources, and the national platform's distribution capabilities.

  • Buyer
    Senior Market Sales (SMS)
    Target
    Abt Insurance Agency
    Industry
    Insurance
    Type
    Buyout

    Senior Market Sales (SMS), an Omaha-based field marketing organization, has acquired Austin-based Abt Insurance Agency to expand its national Medicare insurance distribution. The deal will provide Abt with additional resources and allow SMS to broaden its health and wealth distribution network and digital lead-generation capabilities for serving seniors.

  • Buyer
    Ambac Financial Group, Inc.
    Target
    ArmadaCare
    Seller
    SiriusPoint Ltd.
    Industry
    Insurance
    Type
    Buyout

    Ambac Financial Group has completed its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will operate as a wholly owned subsidiary of Ambac with its existing leadership team retained, bolstering Ambac’s accident and health capabilities and distribution footprint.

  • Buyer
    Inszone Insurance Services
    Target
    Joel Rieth Insurance Agency, Inc. (d/b/a Complete Coverage Insurance Agency)
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Joel Rieth Insurance Agency, Inc., d/b/a Complete Coverage Insurance Agency, expanding its presence in Colorado. The agency’s team will remain in place and will receive Inszone’s back-office support and expanded carrier access to support continued growth.

  • Buyer
    Philadelphia Insurance Companies (PHLY)
    Target
    Collector Vehicle Division (Ignyte Insurance), American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, Heacock Classic
    Seller
    Ignyte Insurance, The Carlyle Group
    Industry
    Insurance

    Philadelphia Insurance Companies (PHLY) has acquired the Collector Vehicle Division from Ignyte Insurance in a transaction valued at $615 million. The deal brings four established brands—American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic—into PHLY, adding more than 250 employees and strengthening PHLY's specialty collector vehicle insurance capabilities while allowing Ignyte (a Carlyle-backed platform) to focus on its direct-to-consumer and embedded insurance strategy.

  • Buyer
    DOXA
    Target
    American Hole ‘n One
    Industry
    Insurance
    Type
    Buyout

    DOXA, a specialty insurance platform based in Fort Wayne, Indiana, has acquired American Hole ‘n One (AHNO), a Buford, Georgia–based provider of hole-in-one and prize indemnity insurance. The deal brings AHNO’s nearly 40 years of prize indemnity and event-promotion capabilities into DOXA’s Consumer Vertical to expand DOXA’s prize indemnity and event promotions insurance offerings.

  • Buyer
    Argosy Healthcare Partners
    Target
    Integrated Solutions for Benefits and Insurance Services (IS Benefits)
    Industry
    Insurance

    Argosy Healthcare Partners completed a recapitalization and partnership with Integrated Solutions for Benefits and Insurance Services (IS Benefits), a Hooksett, New Hampshire–based stop-loss and employee benefits consulting firm. The investment will support IS Benefits' technology investments, geographic expansion, and scaled delivery of stop-loss underwriting, specialty drug management, and claims auditing services.

  • Buyer
    Marsh McLennan Agency
    Target
    Hayden Wood Insurance Agency Inc.
    Industry
    Insurance
    Type
    Buyout

    Marsh McLennan Agency (MMA) has acquired Hayden Wood Insurance Agency Inc., an independent personal-lines agency based in Southborough, Massachusetts. Terms were not disclosed; all employees, including President and owner Morgan Duffy, will join MMA and continue to operate from the existing Southborough office. The acquisition expands MMA's private client capabilities with Hayden Wood's specialty in collector auto and motorsports insurance.

  • November 2, 2025
    Buyer
    Starr
    Target
    IQUW Group
    Industry
    Insurance
    Location
    United Kingdom
    Type
    Buyout

    Starr entered into a definitive agreement to acquire IQUW Group, a Lloyd’s-focused specialty (re)insurer that operates the IQUW and ERS syndicates. The combination is intended to expand Starr’s underwriting classes and strengthen its position across Bermuda, London, and the U.K. retail motor market.

  • Buyer
    Hilb Group
    Target
    OceanPoint Insurance
    Industry
    Insurance
    Type
    Addon

    Hilb Group, a Carlyle-backed property & casualty and employee benefits broker, acquired a Rhode Island–based property and casualty agency (OceanPoint Insurance) effective November 1, 2025. The acquisition expands Hilb Group’s New England presence and adds a personal-lines-focused book of business to its regional portfolio.

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.

Related Acquisition Pages