7 Acquisitions in the Insurance industry - Flippa
Company acquisitions in the Insurance industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.
In this blog post, we are taking a closer look at 7 acquisitions that took place in the Insurance industry.
CEGA Group acquired by Charles Taylor
Details about the transaction:
Acquisition amount: $39,176,093
Announcement: 26 July 2016
Details about the company:
The CEGA Group is a specialized supplier of services for managing travel claims and technical medical support.
Headquarter:
Where to find them: Website
Industry: Health Care, Insurance
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
CognitiveScale acquired by Tecnotree
Details about the transaction:
Acquisition amount: $6,000,000
Announcement: 11 December 2022
Details about the company:
A business AI platform is called CognitiveScale.
Headquarter:
Where to find them: Website
Industry: Artificial Intelligence, Big Data, Health Insurance, Information Services, Information Technology, Machine Learning, SaaS, Software
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Employee Benefit Systems acquired by National Basketball Association
Details about the transaction:
Acquisition amount: $100,000,000
Announcement: 1 February 2000
Details about the company:
EBS is a group of supplemental insurance plans developed to close any gaps left by the programs covered by the Collective Bargaining Agreement.
Headquarter:
Where to find them: Website
Industry: Employee Benefits, Insurance
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Glennon acquired by Arachas Corporate Brokers
Details about the transaction:
Acquisition amount: $91,849,950
Announcement: 27 July 2022
Details about the company:
Glennon provides services for both commercial and personal insurance.
Headquarter:
Where to find them: Website
Industry: Financial Services, Insurance, Life Insurance
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
MMPI Financial Services acquired by Kingswood
Details about the transaction:
Acquisition amount: $24,819,744
Announcement: 26 September 2022
Details about the company:
Retirement planning, income security, life insurance, risk management, and mortgage services are all offered by MMPI Financial Services.
Headquarter:
Where to find them: Website
Industry: Financial Services, Insurance, Risk Management
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
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Synchronised Business Services acquired by WT Financial Group
Details about the transaction:
Acquisition amount: $7,960,000
Announcement: 14 March 2022
Details about the company:
Financial advising services are offered in the areas of insurance, budgeting, asset allocation, and savings by Synchronised Business Services.
Headquarter:
Where to find them: Website
Industry: Advice, Financial Services, Insurance, Risk Management
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
The Fluent Money Group acquired by Mortgage Advice Bureau
Details about the transaction:
Acquisition amount: $86,351,786
Announcement: 12 July 2022
Details about the company:
The Fluent Money Group offers insurance consulting and digital loan broking.
Headquarter:
Where to find them: Website
Industry: Financial Services, Insurance
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.
