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New Deal


Announced

SkyKnight acquires Heffernan.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

retail insurance

Private

Acquisition

Pending

general insurance

Friendly

United States

Full Line Insurance

Single Bidder

Synopsis

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SkyKnight Capital, a leading investment firm acquires Heffernan Insurance Brokers (“Heffernan”), a leading independent retail insurance brokerage platform headquartered in Walnut Creek, California. Financial terms were not disclosed. “We are excited to bring SkyKnight on as a value-added partner to help execute on our next phase of growth,” said Mike Heffernan, President and CEO of Heffernan. “SkyKnight’s minority investment allows us to gain valuable strategic and financial support, while retaining our independence and our culture of employee ownership.”

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