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New Deal


Announced

Keystone Agency Investors to acquire The Seltzer Group.

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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Pending

reinsurance solutions

Insurance Brokers

Acquisition

Private Equity

Single Bidder

Private

Majority

United States

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Synopsis

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Keystone Agency Investors, a new strategic partnership formed by Keystone Insurers Group and Bain Capital Credit, agreed to acquire The Seltzer Group, a custom insurance solutions provider. Financial terms were not disclosed. “As an independent agency with decades of experience creating customized client solutions, The Seltzer Group has grown from one location in eastern Pennsylvania to eight locations and with KAI, they are well-positioned to continue that growth trajectory. We look forward to partnering with the Seltzer leadership team to unlock growth opportunities as they continue to provide clients with a unique concierge experience,” David E. Boedker, Sr., KAI CEO.

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