Announced
Financials
Tags
Single Bidder
Domestic
Private
United Kingdom
Acquisition
Private Equity
Friendly
Majority
Pending
Property and Casualty Insurance
insurance company
Synopsis
Altamont Capital-backed Accelerant, a technology and data-driven insurance risk exchange company agreed to acquire Kinnell Holdings, a vertically integrated insurance group that primarily serves the building and remedial treatment industries. Financial terms were not disclosed. "We are pleased to have completed the acquisition of Kinnell Holdings, which marks an important step forward in our efforts to enhance our network and offerings. By expanding our portfolio with Kinnell's capabilities, we will be better able to serve our Members and their customers through their full lifecycle. The acquisition of Kinnell enables Accelerant to have additional capacity to serve our Members platforming the UK. We look forward to working closely with Andy and the rest of the Kinnell team as we continue to grow our offerings and coverage in the UK," Jeff Radke, Accelerant CEO.
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