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New Deal


Announced

Completed

Long Arc-backed Renaissance Alliance completed the acquisition of Agency Network Exchange and United Valley Insurance Services.

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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Majority

United States

Private

Domestic

Private Equity

Acquisition

insurance agency

Completed

Single Bidder

Insurance Brokers

Friendly

Synopsis

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Long Arc-backed Renaissance Alliance, an insurance agency network, completed the acquisition of two independent insurance agencies, Agency Network Exchange and United Valley Insurance Services. Financial terms were not disclosed. “The addition of ANE and United Valley will help Renaissance deliver more value to all of our member agencies, further demonstrating our commitment to helping them grow. Our overarching strategy is focused on strengthening the capabilities of our member agencies and providing them everything they need to best serve their clients. Together we will help our members enhance their profitability while maintaining their independence," Kevin Callahan, Renaissance Alliance Chairman and CEO.

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