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New Deal


Announced

Completed

Specialty Program Group completed the acquisition of Avant.

Financials

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

Tags

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Completed

United States

Private

Single Bidder

risk management

Acquisition

Insurance Brokers

Majority

Friendly

reinsurance solutions

Synopsis

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Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, completed the acquisition of Avant, a provider of insurance solutions. Financial terms were not disclosed. "SPG has a track record of partnering with best in class firms and Avant is no different. Their outside-the-box thinking in solving unmet needs for their clients is unparalleled. Their excitement and innovative culture will bring a new dynamic to SPG's transportation platform and together we will continue to create products and services with our clients' needs front of mind," Chris Treanor, SPG President and CEO.

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