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New Deal


Announced

Completed

Fortegra completed the acquisition of ITC Compliance.

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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Single Bidder

Completed

Private

financial services

Friendly

Acquisition

Cross Border

Financial Data and Systems

United Kingdom

Majority

Synopsis

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Fortegra, a provider of insurance products and third-party administration services, completed the acquisition of ITC Compliance, a provider of financial regulation services intended for the automotive sector. Financial terms were not disclosed. "For nearly 20 years, ITC has been an innovative leader in providing compliance solutions to allow businesses to focus on what they do best. We are thrilled to join forces, expand our distribution channel, and continue investing in cutting edge technology for our clients and partners," Sanjay Vara, Fortegra Chief Underwriting Officer and Executive Vice President.

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