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Announced

Completed

Acrisure completed the acquisition of Tulco’s AI insurance business for $400m.

Financials

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Transaction Value£310m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Private

AI insurance

Completed

Single Bidder

United States

Majority

Friendly

Acquisition

Synopsis

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Acrisure, an insurance brokerage, completed the acquisition of Artificial Intelligence insurance business of Tulco, an alternative investing platform, for $400m. “We’ve worked with the Tulco team for almost a year and our vision for Acrisure and the industry are completely aligned. Tulco’s world-class talent and ability to apply AI and intelligent automation is immeasurable as it relates to meeting the needs of our clients and transforming our company. We’re very pleased to be working with the entire Tulco team as we take this transformational step with like-minded entrepreneurs. I’m excited about what we will create together,” Greg Williams, Acrisure Co-Founder, CEO and President.

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