Independent insurance agency providing property, casualty, liability, life, surety bonds, and group insurance for personal and commercial clients.
Independent insurance agency providing property, casualty, liability, life, surety bonds, and group insurance for personal and commercial clients.
Third-party administrator (TPA) specializing in employee benefits administration, including COBRA, 401(k), pension, and flexible spending accounts.
Full-service insurance agency and consulting firm specializing in employee benefits, group health plans and financial consulting.
A leading provider of psychiatric medical care for elderly and disabled adults across long-term care facilities and hospitals in a metropolitan area has partnered with Health Catalyst Capital, a New York-based private equity firm focused on healthcare technology and tech-enabled services businesses. The transaction positions the company to accelerate growth by leveraging HCC’s healthcare network, strategic relationships, and value creation resources. MidCap Advisors was the exclusive financial representative for the company.
CCCI, a leading provider of digital infrastructure solutions across enterprise and data center environments, has been acquired by Velociti, a global provider of technology deployment and managed services. The transaction strengthens Velociti’s ability to deliver mission-critical solutions to enterprise and hyperscale customers. MidCap Advisors was the exclusive financial representative for CCCI.
MidCap Advisors exclusively advised ASZ International on its sale to SterlingRisk. ASZ International is a specialized insurance agency focused on transportation risks, serving fleet operators and transportation businesses across New York and other markets. The transaction enhances SterlingRisk’s transportation practice by adding specialized industry expertise and an established client base, while positioning ASZ International to leverage SterlingRisk’s broader platform and resources to support continued growth and expanded service capabilities.
Acuity Consulting Group LLC is a recognized SAP Business One Partner that works with small and midsized businesses to implement and customize SAP Business One solutions. The company has been acquired by AttivoERP, a provider of ERP consulting and technology-enabled services. MidCap Advisors had the pleasure of serving as the exclusive financial advisor to Acuity Consulting Group.
MidCap Advisors served as the exclusive financial advisor to Island Reproductive Services in its partnership with IVI RMA North America. Island Reproductive Services is the only fertility practice on Staten Island with an on-site IVF laboratory and comprehensive assisted reproductive services. The partnership marks IVI RMA’s entry into the New York City market and expands access to advanced fertility care across Staten Island, New York City, and New Jersey.
MidCap served as the exclusive financial advisor to Pumping Solutions Inc. in its acquisition by Hidden Harbor Capital Partners. Pumping Solutions brings a strong management team and a long-standing reputation as a trusted leader in pump service and repair across the New Jersey and New York markets. The transaction strengthens TRG – a Hidden Harbor portfolio company – by expanding its regional presence while providing Pumping Solutions the scale to expand its capabilities.
Novum Underwriting Partners, a leading specialty underwriting agency and wholesale brokerage, has entered a strategic partnership with Steadfast Group Limited, the largest general insurance broker in Australasia. MidCap Advisors acted as the exclusive financial advisor, guiding a transaction that significantly broadens Steadfast’s global presence.
MidCap Advisors acted as the exclusive financial advisor to Innovative Insurance Group, one of the largest and most established brokerages in Virginia, in their sale to ALKEME Insurance, a Top 35 Insurance Brokerage. This acquisition marks a significant milestone in ALKEME’s continued growth across the East Coast.
MidCap Advisors served as the exclusive financial advisor to Building Infrastructure Group, Inc. (“BIG” or the “Company”), a leading provider of digital infrastructure solutions, in its sale to LINX, a portfolio company of Guardian Capital Partners. The Company delivers structured cabling, audio-visual, wireless, and security solutions across federal, commercial, and industrial sectors, with a strong presence in mission-critical environments. The acquisition expands LINX’s geographic footprint and enhances its capabilities in secure infrastructure projects.
MidCap Advisors served as the exclusive financial advisor to Healey & Associates, a well-established and trusted provider across Maine, in its acquisition by World Insurance Associates LLC, a nationally recognized insurance brokerage. This transaction marks World Insurance Associates’ inaugural employee benefits acquisition in Maine, enhancing its footprint throughout New England and reinforcing its expertise in the nonprofit sector—a core specialization of Healey & Associates.
MidCap Advisors served as the exclusive financial advisor to Insurance Unlimited of Louisiana in its acquisition by World Insurance Associates. This strategic combination unites Insurance Unlimited’s six decades of client-focused service with World’s national platform, expanding capabilities and ensuring comprehensive, customized solutions for businesses and families alike.
MidCap Advisors served as the exclusive financial advisor to Courtney Insurance Services in its acquisition by World Insurance Associates. By joining World, Courtney Insurance builds on its reputation for personalized service while gaining expanded resources and scale to deliver innovative, tailored protection for families and businesses alike.
MidCap Advisors acted as the exclusive financial advisor to Burke & Burke Insurance in its acquisition by World Insurance Associates. The partnership combines Burke & Burke’s 30+ years of benefits expertise with World’s national platform, expanding resources and capabilities to deliver tailored insurance and retirement solutions to clients.
Steve Glasgow, a highly respected financial advisor from Janney Montgomery Scott with more than 20 years of experience in retirement plan consulting and wealth management, joins Hub International. Mr. Glasgow has built a distinguished career helping businesses design and manage retirement plans and advising high-net-worth individuals on investment strategies, financial planning, and wealth preservation. Through this acquisition, Hub will leverage Mr. Glasgow’s expertise in both retirement plan services and wealth management to deliver best-in-class solutions to clients.
MidCap Advisors served as the exclusive financial advisor to Erwin Insurance Agency in its sale to World Insurance Associates. This partnership brings together Erwin’s long-standing commitment to personalized, local service with World’s expansive resources and national reach, positioning the combined team to deliver even greater value to clients.
Midcap Advisors acted as the exclusive financial advisor to US Principal Insurance, in the acquisition to World Insurance Associates. The acquisition broadens World Insurance Associates’ reach in Louisiana, delivering a comprehensive mix of insurance products and services for clients across business and personal needs.
MidCap Advisors served as the exclusive financial advisor to TGS Insurance Agency in its sale to Confie. TGS is a rapidly growing independent insurance agency specializing in homeowners and personal lines coverage, supported by a scalable direct-to-consumer distribution platform and a growing presence across Texas and other high-growth markets. The transaction advances Confie’s strategy to expand its national personal lines platform and further scale its InsureOne brand, while providing TGS with the resources and distribution reach of one of the largest insurance distributors in the United States.
Woods Insurance Service (Woods), a rapidly growing property & casualty agency, established in 1926, with offices in New Mexico, Colorado, and Oklahoma has been acquired by Hub International (Hub) on December 31st, 2024. In addition to Property and Casualty, Woods provided Group Benefits, Individual Health and Life Insurance products. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to Woods.
With over 18 years of experience, Insure Plus has built a strong reputation for providing Commercial, Personal, Business, and Trucking Insurance solutions across Baton Rouge and Southern Louisiana. The firm specializes in serving industries such as construction, contractors, cyber, crime, and bonds. By joining World, Insure Plus strengthens World’s expertise in key commercial sectors and enhances its ability to deliver industry-specific insurance solutions.
The Firm of Cenla, known for its top-rated customer service and licensed agents, has joined World Insurance Associates. Offering a broad range of insurance products—including Auto, Home, Life, Health, Property, and Business Insurance—the firm has been a trusted partner for clients across Louisiana. This partnership enhances World’s reach and ability to deliver comprehensive, customer-focused insurance solutions throughout the state.
McFatter Insurance Agency, a deeply rooted firm in Lake Charles, LA, is known for its Personal, Business, Auto, Home, and Life Insurance solutions. With a client-first approach, the agency has long provided tailored coverage to meet the unique needs of individuals and businesses in the community. By joining World, McFatter Insurance Agency gains access to expanded resources while maintaining its dedication to personalized, local service.
Based in Houston, TX, Creekside Risk Management is a premier provider of personal, life, health, and commercial insurance solutions. Its Private Client Group delivers customized risk management strategies to affluent individuals and families nationwide. By joining World, Creekside enhances its ability to provide high-touch, sophisticated insurance solutions to high-net-worth clients, further expanding World’s expertise in private client risk management.
The Firm of Louisiana Property & Casualty, LLC, recognized for its commitment to personalized service, has joined World Insurance Associates. Specializing in Auto, Home, Business, Commercial Auto, and Life Insurance, the firm has built a strong reputation for simplifying insurance solutions for clients across Louisiana. Through this acquisition, World strengthens its ability to provide tailored coverage solutions to individuals and businesses in the region.
Doylestown Women’s Health Center, a trusted provider of comprehensive obstetric and gynecologic care in Pennsylvania, has joined Unified Women’s Healthcare. Known for its patient-first approach and long-standing commitment to women’s health, the practice offers a full range of OB/GYN services with a focus on compassionate, personalized care. By joining Unified, Doylestown Women’s Health Center gains access to expanded resources and clinical support, enhancing its ability to deliver high-quality care while preserving the trusted relationships it has built within the community.
Meritage Wealth Insurance Advisor, LLC (MWIA), a rapidly growing Point-of-Sale Life Insurance distribution agency with locations in Texas, Arizona, Washington, Virginia, and New York, has been acquired by Amerilife Group Holdings, a St. Petersburg, Florida-based insurance brokerage that provides life, annuity, Medicare, individual and other health solutions. All five principals are moving forward with the transaction. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to PMA.
MidCap Advisors is pleased to announce that OneDigital Investment Advisors, LLC (the “Acquirer”) has acquired Triad Financial Advisors (“TFA” or the “Company”). MidCap Consulting was the exclusive financial due diligence provider for the Acquirer. The deal was closed on September 14, 2023. Following the deal closing, OneDigital Investment Advisors LLC, the RIA subsidiary of OneDigital Inc., a leading insurance brokerage, financial services, and HR consulting firm, will add approximately $900M AUM and 18 employees to their platform. Overall, OneDigital’s AUM is approximately $115.4B which represents over 1M participants and 41,000 individual accounts. Founded in 1982, TFA is a leader in the Carolinas that serves high-net-worth families and female investors. The Company’s wealth management services include retirement planning, investments, asset management, portfolio analysis, and monitoring. TFA’s CEO, Patrick Rush, was an Amazon #1 bestseller for his 2020 publication, Gain Big and Give Back, and he has obtained honors from Forbes and Barron’s for top advisor rankings.
EMG Insurance Brokerage (EMG), one of the nation’s oldest and most respected brokerage general agencies (BGA), has been acquired by Omaha-based Senior Market Sales® (SMS), a premier insurance marketing agency. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to EMG. EMG, founded in 1972 as a Texas-based brokerage firm, assists financial advisors in navigating the insurance marketplace by locating the right products for their clients. The BGA supports a national network of more than 3,000 agents across all 50 states. The Company offers life insurance plans, critical illness, long-term care, disability, travel, dental insurance as well as annuities, group benefits, life settlements and Affordable Care Act (ACA) plans. SMS represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance in all 50 states. The firm was founded in 1982 and joined parent firm Alliant Insurance Services in 2020.
Dallas-based Artemis Fine Arts Services (Artemis), a full-service logistics provider dedicated to the preservation and protection of fine art objects, museum artifacts and antiquities, has been acquired by Cadogan Tate, one of the largest international fine arts logistics providers. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to Artemis in its acquisition by Cadogan Tate. Artemis is renowned for fine art stewardship. It serves more than 1,000 top-tier clients across the country and continues to grow as an industry leader. Artemis provides a range of services including packing, crating, transportation, installation, and storage for museums, galleries, collectors, and other members of the fine art community. Artemis utilizes custom-built trucks and skilled art handlers trained by museum professionals in their National Fine Art Shuttle Fleet to provide secure delivery to any destination in the Continental U.S. Founded in 1977, Cadogan Tate is one of the largest international fine arts logistics providers. Headquartered in London with locations in Paris, Cote D’Azur, Miami, New York City, San Franscisco Los Angeles and Chicago, Cadogan Tate is internationally recognized as a market leader. The firm is trusted by discerning institutions and private collectors. The Artemis acquisition enables Cadogan Tate to expand its delivery routes, warehousing space, fleet and team across the U.S. while benefiting from Artemis’s expertise in comprehensive transportation, crating, packing, and installation services.
MidCap Advisors is pleased to announce that The ASA Group (“ASA” or the “Company”) a Little Rock, Arkansas based life insurance and life settlement agency was acquired by Senior Market Sales, (“SMS” or the “Buyer”) a firm within Alliant Insurance’s family of companies. Both companies are members of LIBRA and are family owned. MidCap Advisors was the exclusive financial advisor to ASA. The Company offers life insurance, long-term care insurance, disability insurance, and fixed annuities. As a general agency since inception, ASA’s complimentary life settlement practice, Evolved Life Settlements, serves as a prime broker for high-net-worth families. During the past 46 years of operations, ASA has succeeded due to its multi-disciplined approach, its top tier referral partners, and its experienced team. The Company will continue to be led by the 2nd generation Owner, Luke Ramsey, who grew up as a child walking the halls of his father’s agency. Founded in 1982, SMS is headquartered in Omaha, Nebraska and represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance carriers in all 50 states. More than 71,000 independent insurance agents rely on SMS for proprietary technology, competitive insurance products, and expert training and service. In 2020, SMS joined the Alliant Insurance Services family of companies. Luke and SMS will leverage opportunities to provide additional services to clients and will grow on a long-term basis through ASA’s highly established life settlement division and through SMS’ distribution footprint.
The Pavese-McCormick Insurance Agency (PMA), a third-generation multi-line property and casualty agency based in Monmouth Junction, New Jersey, has been acquired by King Insurance, a Gainesville, Florida-based insurance brokerage that provides property and casualty, liability and employee benefit solutions. Currently in its 90th year of operation, PMA provides risk management solutions to commercial and personal lines customers. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to PMA.
Lighthouse Financial, LLC (“Lighthouse” or the “Company”) a leading wealth management firm based in Delaware, was acquired by AssuredPartners, (“Assured” or the “Acquirer”) a premier financial services company headquartered in Florida. MidCap Advisors was the exclusive financial advisor to Lighthouse. The merger between Lighthouse and Assured will enhance their ability to serve clients with a suite of financial and insurance solutions tailored to meet their evolving needs. Founded in 2006, Lighthouse’s business model is to provide a customized portfolio based on an individual’s risk tolerance and goals. The Company consistently pursues protection strategies that will allow access to full market growth while limiting the downside of market shocks. Ken Brackett, Lighthouse’s owner and founder, and his team provide services and products including but not limited to wealth management, tax liability analysis, annuities, investment risk analysis, succession strategies, financial advisory, and financial education. Assured has built an impressive legacy, providing top-notch retirement and wealth advisory services to private clients. Per Business Insurance’s July 2022 edition, the Acquirer was ranked as the 11th largest insurance brokerage of U.S. business in terms of revenue. Assured was also ranked 5th overall in Insurance Journal’s 2022 ranking of P&C agencies whose business is primarily retail (not wholesale). AssuredPartners’ service philosophy, business model, and technology combined with Lighthouse’s loyal and growing list of long-term clients will enable the two entities to gain market share, especially in the northeast market of the U.S., as the overall wealth management industry continues to grow.
MidCap Advisors is pleased to announce that our client, Columbia Container Services (“CCS”), has closed their merger agreement with Container Maintenance Corporation (“CMC”) and ITI Intermodal (“ITI”). Strategically located within the Port of New York and New Jersey and in the Port of Boston, CCS provides chassis and container maintenance & repair (M&R), inspection, and storage services at its off-terminal equipment depots. Through this deal, the companies will collectively provide a full range of dry and reefer equipment M&R, storage, drayage, and over-the-road services for intermodal freight in the Midwest, Gulf, Southeast and Northeast. All the founders, each of whom will own significant equity in the new company, are going forward with the business. The new company will be under the leadership of Vincent Marino, Joshua Cooley, and Bruce Fenimore.
MidCap Advisors is pleased to announce that Threshold Visitor Management Systems (“Threshold” or the “Company”) was acquired by Avery Products Corporation, a business unit of CCL Industries Inc. CCL is a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers. MidCap served as the exclusive financial advisor to Threshold. The Company, a privately owned supplier of visitor sign-in, tracking and identification badges using proprietary software, is based in Farmington, Connecticut.
MidCap Advisors is pleased to announce that OneDigital Investment Advisors LLC (the “Acquirer”) has acquired Huntington National Bank’s 401K advisory and retirement plan servicing business (“Huntington”). MidCap Advisors’ consulting team, led by VP Geuntae Jang, was the exclusive financial due diligence provider for the Acquirer. The deal closed on March 31st, 2023. Following the deal closing, OneDigital Investment Advisors LLC, the RIA subsidiary of OneDigital, a leading insurance brokerage, financial services, and HR consulting firm, will add $5.6B AUM and 18 advisors to their platform. Overall, OneDigital’s AUM is approximately $115.4B which represents over 1M participants and 41,000 individual accounts. Huntington was the wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). The parent company is a Columbus, Ohio based regional bank holding company that has been publicly traded since 1984. With this transaction completed, the Acquirer’s presence in the Midwest will continue to grow and Huntington will add to its 1,300 employers that they sponsor workplace savings plans for. Lastly, per Huntington Bancshares Inc. (NASDAQ: HBAN) recent 8K filed with the SEC, Huntington Bancshares will record a pre-tax gain of approximately $57M including associated goodwill allocation.
MidCap Advisors is pleased to announce that (k)RPG, LLC (“(k)RPG” or the “Company”) was acquired by OneDigital Investment Advisors (“OneDigital”), an industry leading insurance brokerage, financial services, and HR consulting firm based out of Atlanta, Georgia. MidCap served as the exclusive financial advisor to (k)RPG. The Company is based out of Gaithersburg, Maryland and serves families and corporations throughout the country. Their team has over 60 years of industry experience and their client base is accretive to $600M in AUM. Through the transaction, OneDigital has expanded its presence in the Mid-Atlantic region and in the wealth and retirement advisory space. Vincent Morris, President of Retirement and Wealth at OneDigital, will drive core values and services with Walter Zifffer, President of (k)RPG. Both are highly respected individuals that are dedicated to trust and integrity in their service offerings.
Delaware Freeport, LLC (“Delaware Freeport”) has acquired The Icon Group, Inc. (“Icon”). Founded in 1980, Icon is a high-level logistics company focused on the unique requirements of storing, transporting, and installing fine arts and artifacts. Icon tailors customized solutions for managing pieces as small as an oil painting, to the installation of large scale works of art. Based in Chicago, IL, Icon operates in a 92,000 square-foot, concrete masonry storage facility and service center which was also part of the transaction.
MidCap Advisors is pleased to announce that School Photo Marketing (“SPM” or the “Company”) was acquired by Ennis Inc. (“Ennis”) (NYSE: EBF). The transaction became effective November 30, 2022 and MidCap Advisors was the exclusive financial advisor to SPM. Based in Morganville, NJ, SPM is a leading national provider of customized marketing and fulfillment materials, specialty personal mementos, yearbooks, and support services to the $3B school photography industry. The Company will continue to be led post-acquisition by its 2nd generation owner, Robert Klepner. The acquirer, Ennis, has been a manufacturer and supplier of print products since 1909. They completed their IPO on the New York Stock Exchange in 1969 and continue to provide advertising, business forms and supplies, commercial printing, eCommerce solutions, envelopes, labels, and packaging services to the U.S. market.
MidCap Advisors is pleased to announce that The Larry Gordon Agency, Inc. (“Larry Gordon” or “LGA” or the “Agency”) has been acquired by EPIC Insurance Brokers and Consultants, Inc. (“EPIC”) via its financial sponsors Harvest Partners and The Carlyle Group. MidCap Advisors was the exclusive financial advisor to LGA. The transaction became effective November 4, 2022. Founded in 1965 as one of the first independent brokerage agencies in the country, LGA pioneered the concept of providing brokers a mix of life insurance products from various carriers. LGA’s experienced management team has extensive knowledge in impaired risk evaluation, business insurance solutions, estate planning, and financial planning. As a member of LIBRA Insurance Partners, NAILBA, and NAIFA, LGA can access top-notch research and provide scale that only a few wholesalers can offer. LGA’s young leadership team will remain with the company post transaction. They are excited to partner with a company, like EPIC, that has grown in 15 years to become a billion-dollar revenue, PE-backed insurance platform. As an EPIC-owned agency, Larry Gordon will gain access to a larger middle market geographic network in the life, disability, and executive benefits space.
MidCap Advisors is pleased to announce that Barbot Insurance Services (“Barbot” or the “Agency”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Barbot. The Agency primarily places business owner’s policies for California and Nevada 7-Eleven franchises and Barbot will round out accounts via placements including, but not limited to, employment practices liability, directors’ and officers’, and earthquake and flood insurance coverages.
MidCap Advisors is pleased to announce that Madison Consulting Group, LLC (“Madison” or the “Agency”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Madison. The Agency is a national employee benefit advisor and investment consulting firm that specializes in small group and large group markets as well as several national labor unions.
MidCap Advisors is pleased to announce that Patriot Pension Advisors (“Patriot” or “PPA” or the “Company”) has been acquired by CAPTRUST Financial Advisors (“CAPTRUST” or the “Acquirer”) via its financial sponsor GTCR. MidCap Advisors was the exclusive financial advisor to PPA. The transaction became effective September 15, 2022. PPA is a pension consulting firm based in Foxborough, Massachusetts that provides retirement plan consulting services which include but are not limited to ERISA fiduciary services, quarterly investment analysis, ongoing plan support, employee education and communications, and newsletters. CAPTRUST is one of the largest independent retirement plan and investment advisory firms in the country with more than 700 employees in all 50 states and $390B assets under management (AUM). They specialize in advisory services to retirement plan sponsors, endowments, foundations, institutional investors, executives, and high net-worth individuals. PPA with over 75 years of industry experience and $900M in AUM will expand CAPTRUST’s footprint in Massachusetts and will complement their service offering.
R. Stephens Financial (“R. Stephens” or the “Agency”) was acquired by Choice Insurance Agency (“Choice”), via its financial sponsor Northlane Capital Partners. The transaction was effective August 23, 2022. MidCap Advisors was the exclusive financial advisor to R. Stephens Financial. The Agency is an employee benefits brokerage that also provides 401K offerings, life insurance, long term care, and disability products. Their group benefits business is placed with top carriers such as Oxford United Healthcare. Choice is a rapidly growing private equity-backed insurance agency that is based in Virginia Beach, Virginia and has 19 offices in 8 states.
MidCap Advisors is pleased to announce that Signature Insurance Agency Group, LLC (“Signature”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Signature.
Contract Filling Inc. (“CFI”) was acquired by Arizona Natural Resources (“ANR”), a portfolio company of CORE Industrial Partners (“CORE”) in August 2022. CFI is a premier contract manufacturer of alcohol-based personal care products with extensive compounding, filling, and packaging capabilities.
Georgia Pines Agency (“GPA” or the “Agency”) was acquired by Choice Insurance Agency (“Choice”), via its financial sponsor Northlane Capital Partners. The transaction became effective August 1, 2022. MidCap Advisors was the due diligence provider hired by Choice Financial Group. GPA is a full-service agency with 12 branch locations across the east coast and west coast that provide a variety of mostly personal lines products and some small commercial lines products. Together with their team of 65 people, co-founders Michael Heidelberger and Steven Roy will continue to oversee operations and collaborate with Choice to further its expansion. Choice is a rapidly growing private equity-backed insurance agency that is based in Virginia Beach, Virginia and has 19 offices in 8 states.
MidCap Advisors is pleased to announce that Ned Stevens Gutter Cleaning of Long Island (“NSLI”) has been acquired by Ned Stevens Gutter Cleaning and General Contracting of New York LLC (“NSGC”), via its financial sponsor AVALT. MidCap Advisors was the exclusive financial advisor to NSLI.
MidCap Advisors is pleased to announce that EPIC Insurance Brokers & Consultants (“EPIC”) has acquired Dixon Wells (“DW”), an Alabama-based broker general agency with additional locations in South Carolina, North Carolina, Tennessee, and Ohio. DW specializes in life insurance, long-term care, disability income, and annuity products. The transaction became effective on 05/31/2022.
MidCap Advisors is pleased to announce that the Simplicity Group (“Simplicity”) has acquired Buckhead Brokerage Group (“BBG”), a Georgia-based broker general agency specializing in life insurance, long-term care, disability income, and annuity products. The transaction became effective on March 31, 2022. The Partner of BBG, Forrest Mitchell, will stay post-acquisition to continue to grow BBG’s offering to banks and wealth management groups.
MidCap Advisors is pleased to announce that f3 Logic (“f3 Logic”), f3 Investment Management (“f3 IM”), Financial Consultants of America (“FCA”), Compass Point Retirement (“CPR”), and Kusske Financial Asset Management (“KFAM”), collectively the “f3 Companies” have been acquired by Arthur J. Gallagher & Company (NYSE: AJG) (“AJG” or “Gallagher”). MidCap Advisors was the exclusive financial advisor to the f3 companies. With locations throughout the Mid-Atlantic, the Midwest, and New England, f3’s 7 principals possess over 150 years of wealth management and financial planning experience. With the acquisition, f3 will become Gallagher’s primary platform in the individual wealth management space. The f3 Companies are a wealth management platform with over $1 billion in assets under advisement. With a turnkey technology and asset management platform and an investment suite of offerings, the f3 Companies provide retirement planning and financial advisory services to individuals, individual advisors, and registered investment advisory firms. The f3 Companies will remain in their current locations under the direction of Jeff Leonard, Gallagher’s North American Business Line Leader for Financial and Retirement Services. FCA, CPR, and KFAM will continue to operate under f3’s RIA platform and they provide financial planning and wealth management solutions. Gallagher is a global leader in insurance, risk management, and consulting services providing services in approximately 130 countries.
MidCap Advisors is pleased to announce that f3 Logic (“f3 Logic”), f3 Investment Management (“f3 IM”), Financial Consultants of America (“FCA”), Compass Point Retirement (“CPR”), and Kusske Financial Asset Management (“KFAM”), collectively the “f3 Companies” have been acquired by Arthur J. Gallagher & Company (NYSE: AJG) (“AJG” or “Gallagher”). MidCap Advisors was the exclusive financial advisor to the f3 companies. With locations throughout the Mid-Atlantic, the Midwest, and New England, f3’s 7 principals possess over 150 years of wealth management and financial planning experience. With the acquisition, f3 will become Gallagher’s primary platform in the individual wealth management space. The f3 Companies are a wealth management platform with over $1 billion in assets under advisement. With a turnkey technology and asset management platform and an investment suite of offerings, the f3 Companies provide retirement planning and financial advisory services to individuals, individual advisors, and registered investment advisory firms. The f3 Companies will remain in their current locations under the direction of Jeff Leonard, Gallagher’s North American Business Line Leader for Financial and Retirement Services. FCA, CPR, and KFAM will continue to operate under f3’s RIA platform and they provide financial planning and wealth management solutions. Gallagher is a global leader in insurance, risk management, and consulting services providing services in approximately 130 countries.
MidCap Advisors is pleased to announce that f3 Logic (“f3 Logic”), f3 Investment Management (“f3 IM”), Financial Consultants of America (“FCA”), Compass Point Retirement (“CPR”), and Kusske Financial Asset Management (“KFAM”), collectively the “f3 Companies” have been acquired by Arthur J. Gallagher & Company (NYSE: AJG) (“AJG” or “Gallagher”). MidCap Advisors was the exclusive financial advisor to the f3 companies. With locations throughout the Mid-Atlantic, the Midwest, and New England, f3’s 7 principals possess over 150 years of wealth management and financial planning experience. With the acquisition, f3 will become Gallagher’s primary platform in the individual wealth management space. The f3 Companies are a wealth management platform with over $1 billion in assets under advisement. With a turnkey technology and asset management platform and an investment suite of offerings, the f3 Companies provide retirement planning and financial advisory services to individuals, individual advisors, and registered investment advisory firms. The f3 Companies will remain in their current locations under the direction of Jeff Leonard, Gallagher’s North American Business Line Leader for Financial and Retirement Services. FCA, CPR, and KFAM will continue to operate under f3’s RIA platform and they provide financial planning and wealth management solutions. Gallagher is a global leader in insurance, risk management, and consulting services providing services in approximately 130 countries.
MidCap Advisors is pleased to announce that f3 Logic (“f3 Logic”), f3 Investment Management (“f3 IM”), Financial Consultants of America (“FCA”), Compass Point Retirement (“CPR”), and Kusske Financial Asset Management (“KFAM”), collectively the “f3 Companies” have been acquired by Arthur J. Gallagher & Company (NYSE: AJG) (“AJG” or “Gallagher”). MidCap Advisors was the exclusive financial advisor to the f3 companies. With locations throughout the Mid-Atlantic, the Midwest, and New England, f3’s 7 principals possess over 150 years of wealth management and financial planning experience. With the acquisition, f3 will become Gallagher’s primary platform in the individual wealth management space. The f3 Companies are a wealth management platform with over $1 billion in assets under advisement. With a turnkey technology and asset management platform and an investment suite of offerings, the f3 Companies provide retirement planning and financial advisory services to individuals, individual advisors, and registered investment advisory firms. The f3 Companies will remain in their current locations under the direction of Jeff Leonard, Gallagher’s North American Business Line Leader for Financial and Retirement Services. FCA, CPR, and KFAM will continue to operate under f3’s RIA platform and they provide financial planning and wealth management solutions. Gallagher is a global leader in insurance, risk management, and consulting services providing services in approximately 130 countries.
MidCap Advisors is pleased to announce that f3 Logic (“f3 Logic”), f3 Investment Management (“f3 IM”), Financial Consultants of America (“FCA”), Compass Point Retirement (“CPR”), and Kusske Financial Asset Management (“KFAM”), collectively the “f3 Companies” have been acquired by Arthur J. Gallagher & Company (NYSE: AJG) (“AJG” or “Gallagher”). MidCap Advisors was the exclusive financial advisor to the f3 companies. With locations throughout the Mid-Atlantic, the Midwest, and New England, f3’s 7 principals possess over 150 years of wealth management and financial planning experience. With the acquisition, f3 will become Gallagher’s primary platform in the individual wealth management space. The f3 Companies are a wealth management platform with over $1 billion in assets under advisement. With a turnkey technology and asset management platform and an investment suite of offerings, the f3 Companies provide retirement planning and financial advisory services to individuals, individual advisors, and registered investment advisory firms. The f3 Companies will remain in their current locations under the direction of Jeff Leonard, Gallagher’s North American Business Line Leader for Financial and Retirement Services. FCA, CPR, and KFAM will continue to operate under f3’s RIA platform and they provide financial planning and wealth management solutions. Gallagher is a global leader in insurance, risk management, and consulting services providing services in approximately 130 countries.
StandardAero has acquired Miramar, Florida-based PTS Aviation (“PTS”). The transaction became effective December 31, 2021. PTS Aviation is a worldwide supplier of serviceable aircraft engines, engine components, and engine inventory. Founded in 1995, PTS has more than 150-years of combined aviation management experience and significant expertise in buying, leasing, and selling engines, modules, and used serviceable material (USM). The acquisition of PTS Aviation will allow StandardAero to expand its portfolio of services and increase its capabilities to buy, sell, and embody USM into the CFM56-7B engine platform.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Elkton, Maryland-based Daniel Corrigan Insurance (“DCI”). The transaction became effective Dec 31, 2021. DCI is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. DCI was formed in 2003 by Daniel Corrigan who has managed and grown the agency since its inception. Post-transaction Daniel will continue to lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Washington-based Marion Miller Associate, Inc. (“MMA”). The transaction became effective Dec 31, 2021. MMA is a property & casualty insurance agency providing both personal and commercial lines coverage to their clients in the mid-Atlantic region. MMA was founded in 2000 by Marion Miller who has managed and grown the agency since its inception. Over the past 5 years Marion’s sons, Zach and EJ, Have joined her in leading the agency and building out their P&C capabilities. Post-transaction Marion will continue to lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Manassas, Virginia-based The Corrigan Insurance Agency, Inc. (“CIA”). The transaction became effective Dec 31, 2021. CIA is a property & casualty insurance agency providing both personal and commercial lines coverage to their clients in the mid-Atlantic region. CIA was started in 2008 by Leslie Corrigan who has managed and grown the agency since its inception. Leslie has established a strong sales culture within her agency which has enhanced CIA’s profitability. Post-transaction Leslie will continue to lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Maryland-based EZ Insurance Group, dba GEBCO (“EZ”). The transaction became effective Dec 31, 2021. EZ is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. EZ was formed in 1974 by Ed Young who has managed and grown the agency since its inception. Post-transaction Ed will continue to lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Huntington, Pennsylvania-based The Stern Agency (“TSA”). The transaction became effective Dec 31, 2021. TSA is a property & casualty insurance agency offering both personal and commercial lines coverages to their clients in the mid-Atlantic region. TSA was formed in 2007 by Pamela Stern who has managed and grown the agency since its inception. Over the years, TSA has built a specialty niche in the agriculture and farm space. Post-transaction Pamela will continue to lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Maryland-based Young Insurance & Financial (“YIF”). The transaction became effective Dec 31, 2021. YIF is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. YIF was formed in 2000 by Ed Young who has managed and grown the agency since its inception. Ed started his agency from scratch and has been acquisitive over the years, acquiring seven agencies since 2007. Post-transaction Ed will continue to lead the agency and build toward future growth.
MKD Electric, LLC (MKD), a portfolio company of Hastings Equity Partners, LLC (Hastings), invested in XSTele.com, LLC (XS Telecom). Based in Warrenton, VA and founded in 2014, XS Telecom is a national provider of essential communications infrastructure, providing voice and data network cable design, installation, and support solutions for large national data center companies and Fortune 500 clients. A combination of MKD and XS Telecom will create a scaled national provider servicing rapidly growing, attractive end markets, including data centers. This is the third investment MKD has completed since Hastings, a private equity firm focused on investing in lower middle market businesses, acquired MKD in January 2021.
ClickEnroll provides targeted benefit enrollment with time savings benefit administration. By incorporating a combination of artificial intelligence, analytics and enrollment technology, the ClickEnroll intelligent ecosystem provides a simple and unique experience resulting in reduced acquisition costs, increased participation and simplified enrollment.
Hub International (“Hub”) has acquired Woburn, Massachusetts-based Tanna Insurance, Inc. (“Tanna”). The transaction became effective November 1, 2021. Tanna is a property & casualty insurance agency primarily serving a variety of commercial clients throughout the United States. Tanna was founded over ten years ago by Dinesh Tanna who wanted to lead an agency after years of experience in the industry. Dinesh and his team will continue post-transaction and build toward future growth alongside Hub.
Risk Strategies Corp. (“RSC”) has acquired Springfield, New Jersey-based KRA Insurance Agency, Inc. (“KRA”). The transaction became effective November 1, 2021. KRA is a multi-line insurance agency providing commercial and personal P&C coverage as well as individual and employee benefits insurance. KRA has expertise in a variety of niches including; Professional Liability, Construction, Hospitality, and High Net Worth Personal Lines. KRA was founded over fifty years ago by Mike Rekoon whose guidance helped grow the agency to become a leader in the region. Over the past decade KRA had elevated several key employees to shareholders and these five partners will continue to the lead agency post-transaction in partnership with Risk Strategies.
Hub International Limited (“Hub”), a leading full-service global insurance brokerage and financial services firm, acquired the assets of Silverman Financial, Inc. (“Silverman” or “SFI”). Based in Miami, Florida, Silverman is an independent financial planning firm, which specializes in retirement services, estate, and wealth management. Silverman manages more than $600 million in assets. MidCap Advisors was the financial due diligence provider to Hub. The transaction was effective October 5, 2021, and SFI will partner with Hub Retirement and Private Wealth (RPW). At its core, Hub’s RPW division helps plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk, and helps employees pursue their financial goals. The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients whose total assets are approximately $105 billion.
Simplicity Group acquired New Jersey-based Algren Associates Inc. The transaction became effective October 1, 2021. Established in 1960 and purchased by Doug Mishkin in 2006, Algren provides the insurance community with creative solutions focused on complex life insurance coverage. Algren looks forward to continued growth and excellence with its new partner, Simplicity. Doug Mishkin will continue to lead the business
Hub International, backed by Hellman & Friedman, acquired Scottsdale Arizona-based EPG Insurance, LLC. The transaction became effective October 1, 2021. Established in 2016 through the merger of Eaton & Associates and Provident Group, EPG is a multi-line property & casualty insurance brokerage firm with a focus in commercial markets. EPG looks forward to continued growth and excellence with its new partner, Hub International. EPG’s principal owners, Tim Schmidt, Jeff Schmidt, and Greg Budiac, will continue to lead the business leveraging the resources of the expanding Southwest Region of Hub.
Acrisure, LLC (“Acrisure”) has acquired Mt. Pleasant, South Carolina-based Atlantic Shield Insurance Group (“Atlantic Shield”). The transaction became effective October 1, 2021. Atlantic Shield is a property & casualty insurance agency providing insurance solutions to personal and commercial clients in the southeast. Atlantic Shield was founded in 2004 by Erik Loesch and Hill Shaw. Since inception, both Erik and Hill have successfully helped the agency grow and prosper. Post-transaction Erik and Hill will lead the agency and build toward future growth.
Summit Risk Advisors, LLC (“Summit”) has acquired Mt. Pleasant, South Carolina-based Mappus Insurance Agency, Inc. (“Mappus”). The transaction became effective September 1, 2021. Mappus is a property & casualty insurance agency providing insurance solutions to personal and commercial clients in the southeast. Mappus was founded in 1960 and has been recently owned and operated by Andrew E. Muller. Post-transaction Andrew will lead the agency and build toward future growth.
Pegasus Home Fashions (“Pegasus”) was acquired by H.I.G. Capital (“H.I.G.”) in August 2021. Pegasus is one of the country’s largest and fastest growing manufacturers of pillows and wholesaler of ancillary bedding products. Pegasus has a broad portfolio of proprietary, licensed, and private label brands that are manufactured within several facilities throughout the United States. Partnering with H.I.G. will add to Pegasus’ resources and accelerate capitalizing on the company’s many growth opportunities.
Third Wave Business Systems (“Third Wave”) was acquired by Evergreen Services Group (“Evergreen”) in August 2021. Third Wave is the country’s longest standing SAP Business One ERP Partners. As an SAP Gold Partner, Third Wave helps small and midsize businesses implement and customize SAP Business One in addition to a suite of proprietary software solutions including Versago and BizWeaver. In Third Wave, Evergreen sees the opportunity to enhance its capabilities in the rapidly growing managed applications market that is highly complementary to Evergreen’s portfolio of MSPs.
The Hilb Group (Hilb) acquired Massachusetts-based MillBrook Benefits & Insurance Services, LLC (MillBrook), which will expand Hilb’s presence in New England. The transaction became effective July 28th, 2021. Established in 2002, MillBrook provides employers with the design, implementation, and management of employee benefits and other programs to help companies retain talent. MillBrook’s founder Pete Miller will continue to lead the business and work with Hilb to grow its presence in the New England area and nationwide.
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Burke, Virginia-based Braddon Insurance Advisors. The transaction became effective July 1, 2021. Braddon Insurance Advisors is a multi-line insurance agency providing a broad range of offerings for its clients. Agency Principal Jack Braddon, and his team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operations.
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Richmond, Virginia-based Ronnie Shriner Insurance Agency. The transaction became effective July 1, 2021. Ronnie Shriner Insurance Agency is a multi-line insurance agency providing a broad range of offerings for its clients. Agency Principal Ronnie Shriner, and his team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operations.
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Manassas, Virginia-based Ghaphery Insurance. The transaction became effective July 1, 2021. Ghaphery Insurance is a multi-line insurance agency, providing a broad range of offerings for its clients. Agency Principal Keith Ghaphery, and his team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operations.
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Manassas, Virginia-based Harvey Insurance Agency (“HIA”). The transaction became effective July 1, 2021. HIA is a multi-line insurance agency, providing a broad range of offerings for its clients. Agency Principal William Harvey Jr., and his team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operation
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Roanoke, Virginia-based Ryan Harris Insurance & Financial Services (“Ryan Harris”). The transaction became effective July 1, 2021. Ryan Harris is a multi-line insurance agency, providing a broad range of offerings for its clients. Agency Principal Ryan Harris, and his team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operations.
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Virginia Beach, Virginia-based Mayo Insurance (“Mayo”) and Williamsburg Insurance Agency, LLC (
The Hilb Group (“Hilb”), backed by The Carlyle Group, has acquired Mechanicsville, Virginia-based Easley Hedrick Insurance & Financial (“Easley Hedrick”). The transaction became effective July 1, 2021. Easley Hedrick is a multi-line insurance agency, providing a broad range of offerings for its clients. Agency Principals Suter Easley and Brandon Hedrick, and their team of insurance professionals, will be joining Hilb Group’s Mid-Atlantic regional operations.
Simplicity Group acquired New Jersey-based American Financial Network, LLC (AFN). The transaction became effective April 6, 2021. Established in 2001, AFN provides the insurance community with unique distribution solutions focused on annuities and life insurance coverage. AFN looks forward to continued growth and excellence with their new partner Simplicity. AFN’s founder Gregory E. Nemec and his son, Gregory A. Nemec will continue to lead the business.
PCF Insurance (“PCF”) has acquired The Peterman Group (“TPG”), a Montgomeryville, Pennsylvania-based Limited Liability Company. The transaction became effective March 1, 2021. TPG, a third generation, family owned, full-service insurance brokerage firm was founded by Howard R. Peterman, Jr over 80 years ago. TPG is one of the most experienced multi-line property & casualty and employee benefits agencies in Montgomeryville with a niche dentist protection program. Serving some of the region’s finest businesses, TPG is led by Todd Peterman, John Peterman, and Michael MacNeal.
TriSpan LLP (“TriSpan”) has acquired Melville, NY-based Prestige Employee Administrators, Inc. (“Prestige”) forging a strong partnership with the company’s founders and management team. The transaction became effective December 31st, 2020. Established in 1998, Prestige has established a proven track record in providing small and mid-size businesses (SMBs) a turnkey solution for managing all aspects of their human resources (HR) functions. This partnership will help take Prestige to its goal of becoming one of the nation’s leading PEO. TriSpan is a private equity firm that is committed to drive growth and performance by bringing deep operational and financial resources to bear in each of its investments. MidCap acted as advisor to Prestige in the transaction.
Alpha Pension Group (“Alpha” or “APG”) is a nationally recognized retirement leader headquartered in Boston, Massachusetts. The firm’s retirement business serves 600 plan sponsor clients with more than $2B of AUA and more than 55,000 participants. APG has a long history of participant engagement which has served as a natural bridge to its wealth advisory business. This is further exemplified by Alpha’s 98% retention rate of clients. MidCap Advisors was the exclusive financial due diligence provider to HUB International in their acquisition of Alpha.
Constellation Affiliated Partners (Constellation) has acquired Jacksonville, Florida-based Trinity Transportation Services, LLC (Trinity) and Raleigh, North Carolina-based Global Claims Services, Inc. (Global). The transaction became effective November 3, 2020. Trinity was founded in 2004 and is a leading managing general agent in the towing and recovery insurance space. This program offers Commercial Auto, General Liability, Property, Inland Marine and Excess/Umbrella coverages for towing and recovery operations and vehicles. Global is a property and casualty third party administrator founded in 1999 that exclusively handles claims for Trinity. MidCap served as advisor to Trinity and Global.
Hub International Mid-Atlantic, Inc. (Hub) has acquired Stanley, Virginia-based Insure All, LLC (Insure All). The transaction became effective November 1, 2020. Insure All is a property and casualty insurance agency providing personal and commercial lines insurance to clients throughout the state of Virginia. Insure All was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and recently transitioned to an independent model. Insure All will join Olson Insurance Agency helping to add to Hub’s growing presence in Northern Virginia. MidCap provided guidance to both Olson and Insure All.
Hub International Mid-Atlantic (Hub) has acquired Springfield, Virginia-based Olson Insurance Agency, and affiliated Your Insurance Brokerage. (together, Olson). The transaction became effective on November 1, 2020. Olson is a property and casualty insurance agency providing personal and commercial lines insurance to clients in the Metro D.C area and throughout the state of Virginia. Olson was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and recently transitioned to an independent model under the leadership of Max Olson. Max is the 14th member of his family to work with Nationwide, and he will continue to lead operations post-closing. Max has successfully transitioned several other Nationwide agencies and plans to continue to lead these efforts in partnership with Hub. The first follows the acquisition, Insure All LLC (Insure All), which was closed simultaneously with Olson. MidCap provided guidance to both Olson and Insure All.
Acrisure, LLC (Acrisure) has acquired Sequim, Washington-based Castell Insurance, Inc. (Castell). The transaction became effective November 1, 2020. Castell is a multi-line insurance agency providing both Medicare and property & casualty insurance to clients in northwest Washington. Castell was founded over fifteen years ago by Phil Castell who has managed and grown the agency since its inception. Over the past decade Phil’s son, James, has joined him in leading the agency and building out their P&C capabilities. Post-transaction James will lead the agency and build toward future growth.
Peter C. Foy & Associates Insurance Services (PCF) has acquired Chestertown, Maryland-based Dukes-Moore Insurance Agency, Inc. (Dukes-Moore). The transaction became effective October 9, 2020. Dukes-Moore is a multi-line insurance agency providing personal and commercial lines insurance as well as group benefits to clients throughout the state of Maryland. Dukes-Moore has been a leading provider of insurance services to Marylanders since 1931, and has successfully grown under the stewardship of Michael and Wendy Moore since 1998. The Moores will continue to run and operate the business post-transaction.
Risk Strategies Company, backed by Kelso Private Equity, acquired long island-based FBA National, LLC (FBA). The transaction became effective October 1, 2020. FBA National is an insurance agency with a primary focus on tailoring employee benefit packages for clients complying with wage parity, living wage, and similar requirements such as prevailing wage. Established in 2012, FBA experienced tremendous growth and became the market leader in the New York home healthcare sector. FBA looks forward to continued growth and excellence with their new partner Risk Strategies. FBA’s three founding partners; William Squires, John Kuveikis, and Matthew Bryant will continue to lead the business.
The Barnstable County Mutual Insurance Company, Inc acquired Provincetown, Massachusetts-based Benson Young & Downs Insurance Agency, Inc (“BY&D”). The transaction became effective September 1, 2020. BY&D is a property & casualty insurance agency primarily providing personal lines insurance to real estate owners throughout Cape Cod. BY&D has been serving the insurance needs of Cape Codders since 1902 and is proud to continue their “client first” tradition going forward with The Barnstable. BY&D will remain an independent agency and continue to be led by current President, Paul Silva.
IES Holdings, Inc. has acquired all of the equity interests in Aerial Lighting & Electric, Inc., a Naugatuck, CT-based electrical contractor specializing in the design and installation of electrical systems for multi-family developments, with revenues of approximately $24 million in calendar year 2019. Aerial will become part of IES’s Residential segment and continue to operate under the Aerial name.
Carfoldio Ltd, designs and develops the world’s most compact, adjustable and portable child car safety products under the MiFold and HiFold brands.
The Hilb Group, LLC acquired Massachusetts-based Gould & Naimoli Partners, LLC/G&N Insurance (“G&N”). The transaction became effective November 1, 2019. G&N is a property & casualty insurance agency primarily providing personal lines insurance to real estate owners in the New England area. Founded in 2010 by agency leaders, Zack Gould and Matt Naimoli, G&N was recognized as one of the fastest growing private companies by Inc. Magazine for the past three years. G&N will continue to operate out of its Southborough, Massachusetts location under the leadership of Gould and Naimoli.
Bedrick-Kaitz Agency Inc. (BKA) is a New York City-based firm focused on helping high-net-worth individuals and businesses throughout the country protect their assets. BKA is run by CEO Michael Rosenberg, who acquired the firm from one of its original founders, Donald Kaitz, shortly after joining the company in the 1980’s. The firm specializes in placing coverage for extremely high value and specialty vehicles including; Ferrari’s, Lamborghini’s, Koenigsegg’s, and Bugatti’s.
Krauter & Company LLC is a leading specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies nationwide. Founded in 2004 and headquartered in New York City, Krauter & Company counts more than 185 private equity firms and thousands of portfolio companies among its client base. The company’s staff, numbering over 70 nationally and averaging over 25 years in the insurance business, is well known for its experience, depth, and proficiency in working with private equity firms. Beyond its New York City headquarters, Krauter & Company maintains eight additional offices throughout the United States, including Chicago, San Francisco, Los Angeles, Houston, and Boston.
Hub International Limited has acquired The TAMRAC Group (TAMRAC). Headquartered in Hunt Valley, Maryland, TAMRAC specializes in personal insurance and commercial insurance. TAMRAC provides insurance solutions for businesses in the automobile service and repair, cannabis, food and hospitality industries. This was one of several follow on acquisitions in Maryland after MidCap assisted in the sale of Rossman Hurt & Hoffman to Hub in 2017.
NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, has acquired Insurance Management Group, Inc. (IMG). The transaction closed on February 1, 2018. Based in Ocean City, Maryland, IMG specializes in both commercial and personal lines P&C and offers coastal condominium risk expertise to clients. Principal of the firm, Reese Cropper, III, will join the NFP P&C division as a senior vice president, reporting to Denny Mears, a managing director in NFP’s P&C division.
Maritime Insurance International, Inc (MII), a rapidly growing marine specialist insurance broker and consultant has acquired Maritime Insurance Services, Inc. (MIS). David Morrow of MIS will deepen the existing expertise while benefiting from the additional resources and solutions available through MII. The transaction closed on December, 21, 2017. Principal of the firm, David Morrow, will continue with MII as a Marine Producer.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Mid-Atlantic, Inc. has acquired the assets of Contractor’s Services, Inc. (CSI) and Surety Services, LLC (SS), both Maryland based insurance brokerages. CSI and SS are leading providers of surety bond services to contractor’s in the Mid-Atlantic region. CSI and SS join several other agencies who were recently acquired by Hub in the region and will report to Norman Breitenbach, President of Hub Mid-Atlantic. MidCap has served as advisor to four of the agencies Hub has acquired in the area.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Mid-Atlantic, Inc. has acquired the assets of Contractor’s Services, Inc. (CSI) and Surety Services, LLC (SS), both Maryland based insurance brokerages. CSI and SS are leading providers of surety bond services to contractor’s in the Mid-Atlantic region. CSI and SS join several other agencies who were recently acquired by Hub in the region and will report to Norman Breitenbach, President of Hub Mid-Atlantic. MidCap has served as advisor to four of the agencies Hub has acquired in the area.
BeneFix is a leading software provider for health benefits insurance brokers. It maintains a platform that simplifies the process for brokers to find and gather quotes from insurance providers.
Acrisure, LLC. has acquired substantially all of the assets of Insurance Management and Consulting, LLC (IMAC), an independent agency based in Belleville, NJ. IMAC, led by Joseph Maurillo, specializes in providing group benefit insurance for public sector clients throughout New Jersey. Joe and his team are excited to partner with Acrisure and leverage their property and casualty expertise for IMAC’s clients. MidCap served as advisor to IMAC.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Mid-Atlantic, Inc. has acquired the assets of Henry M. Murray, Inc. (HMM), a Maryland based insurance brokerage. HMM is a leading provider of marine property and casualty insurance in the Mid-Atlantic region. HMM joins the team at Rossmann-Hurt-Hoffman who was also recently acquired by Hub. MidCap served as advisor to both HMM and RHH.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Northeast Limited has acquired the stock of Rossmann-Hurt-Hoffman, Inc. (RHH), a Maryland based insurance brokerage. RHH is a leading provider of Professional Liability insurance in the Mid-Atlantic region and is a full service broker offering both P&C and Employee Benefits expertise to its clients. RHH will become the Mid-Atlantic platform for Hub and expects to complete additional acqusitions in the near term. MidCap served as advisor to RHH.
UGP was founded in 1968 and is both a Third-Party Administrator (TPA) and Managing General Agent (MGA) of healthcare benefits. The Company offers specialty products and services that are sold through an extensive broker network to small and mid-sized businesses. The primary insurance products offered by the Company include gap, limited medical, minimum essential coverage and self-funded major medical. UGP maintains operations in Newtown, PA, and Boca Raton, FL. Gemspring Capital, LLC, is a Westport, Connecticut-based private equity firm with $350 million under management that focuses on making control equity investments and structured equity investments in lower middle market companies. MidCap advised United Group Programs, Inc.
Brown & Brown of Connecticut Inc. acquired substantially all of the assets of Smith Insurance, an independent agency based in Niantic, CT. Smith Insurance has provided personal lines and commercial insurance services in Connecticut and Rhode Island for over 75 years. MidCap served as advisor to Smith Insurance.
AssuredPartners of New Jersey, a subsidiary of AssuredPartners, Inc. acquired Moscker Insurance Agency, Inc. (Moscker), an independent agency based in Severna Park, MD and founded in 1992. Moscker is a full service agency specializing in coverage for individuals, businesses, and life and health insurance products. MidCap served as advisor to Moscker.
Boathouse Capital, a Philadelphia-based investment fund, invested in Pleatco, a New York water filtration product manufacturer. Pleatco is a leading manufacturer of water filtration products for the pool and spa industry and is known for quality and innovation. Boathouse invested mezzanine debt to recapitalize Pleatco’s balance sheet to fund future growth.
AssuredPartners, Inc. acquired Platinum Planning, Inc., dba Walsh Benefits. Walsh Benefits is a full service employee benefits broker specializing in group and voluntary benefit product offerings. Walsh Benefits operates in the New Jersey cities of Fair Haven and Cranford under the leadership of Paul Walsh, president and Maryellen Walsh, co-founder and vice president. MidCap served as advisor to Walsh Benefits.
AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Amtech has been providing commercial insurance and risk management services for business for more than 20 years. The company has expertise in providing insurance solutions for the construction, welding supply, and compressed gas industries. MidCap served as advisor to Amtech.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Northeast Limited has acquired the assets of MMZ Associates, Inc. (MMZ), a Westchester County, NY based brokerage. MMZ is a multi-line property and casualty insurance and risk management firm providing services to clients on a national scope. MidCap served as advisor to MMZ.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International Northeast Limited has acquired the stock of Fotek Insurance Agency, Inc. (Fotek), a New Jersey based employee benefits brokerage. Fotek is a full service employee benefits broker with expertise in strategic benefits planning, population health management, and healthcare reform guidance. MidCap served as advisor to Fotek.
AssuredPartners, Inc. acquired substantially all of the assets of Lucantha Marine Insurance, an independent retail and wholesale agency based in New Gloucester, ME. Formerly the Maine Division of International Special Risks, Inc., Lucantha Marine Insurance specializes in placing marine and yacht insurance lines with the best marine insurance companies nationally. MidCap served as advisor to Lucantha.
Hub International Limited, a leading global insurance brokerage, through its subsidiary FNA Insurance Services, Inc. has acquired the assets of the First National Administrators group of companies (FNA), a New Hyde Park, NY based employee benefits general insurance agency. Founded in 1974, FNA is a full service general agent and employee benefit consultant, currently providing a network of over 5,000 retail agents and brokers with comprehensive employer group insurance consulting, compliance, and billing/administrative services. MidCap served as advisor to FNA.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International New England acquired the majority assets of International Special Risks, Inc. (ISR), a Massachusetts & Virginia based brokerage. ISR is the largest marine insurance intermediary on the East Coast and has been serving agents across the country for more than 25 years. MidCap served as advisor to ISR. Subsequently, MidCap advised on the sale of the remaining assets of ISR, namely, Lucantha Marine Insurance.
Boathouse Capital, a Philadelphia-based investment fund, invested in Pleatco, a New York water filtration product manufacturer. Pleatco is a leading manufacturer of water filtration products for the pool and spa industry and is known for quality and innovation. Boathouse invested mezzanine debt to recapitalize Pleatco’s balance sheet to fund future growth.
LoanLogics raised $11.2 million in funding from Boston-based growth equity firm Volition Capital and existing investors. The Fort Washington, PA -based mortgage technology company plans to use the funds to grow its customer base and improve its enterprise loan quality and performance analytics software. LoanLogics was formed by the merger of NYLX, Inc. and Aklero Risk Analytics, Inc. MidCap arranged the merger and served as advisor on the subsequent capital raise.
Scottish American Capital, an investment fund focused on insurance distribution businesses, acquired Buckingham Badler Associates (BBA), a New York City-based full service general insurance agency. Founded in 1973, BBA is a full service managing general agency offering commercial and personal insurance as well as other financial services. MidCap served as advisor to BBA.
Enterprise holdings has acquired the business of Mint Cars On-Demand (Mint). Mint is a car-sharing company serving more than 8,000 members in New York City and Boston. Mint was founded in 2008 and grew to be one of the largest regional car-sharing companies with a network of more than 40 locations across Manhattan, Brooklyn, and Boston in just four years. MidCap served as advisor to Mint.
Hub International Limited, a leading global insurance brokerage, through its subsidiary Hub International New England, acquired the assets of William Palumbo Insurance Agency (Palumbo), a Massachusetts-based insurance brokerage firm. Founded in 1932, Palumbo is a full service brokerage offering property and casualty, personal lines, employee benefits, life insurance and other financial services throughout Massachusetts and Rhode Island. The company operated out of six offices in Eastern and Central Massachusetts. MidCap served as advisor to Palumbo.
MidCap served as advisor to D.H. Evans Associates, Inc. (DHE), a Pennsylvania-based third party administrator, in their strategic sale to Commerce Benefits Group, a Ohio-based administrator.
Modern Holdings, Inc. a diversified holding company, acquired a majority stake in Specialty Claims Management (SCM), a third party administrator. Based in Secaucus, NJ SCM is a leading national provider of risk and claims management services for insurers, reinsurers and self-insureds in the property and casualty sector. MidCap served as advisor to SCM.
Dawson Companies, one of the largest independent insurance brokers in Ohio, acquired Quality Benefits Agency, Inc. (QBA). QBA, based in Cleveland, strengthens the benefits division at Dawson as they look to take their full service agency to the next level. MidCap served as advisor to Dawson Companies.
