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New Deal


Announced

Completed

Paragon Insurance Holdings completed the acquisition of Reel Media.

Financials

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

Sources

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Tags

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United States

insurance solutions

Single Bidder

Insurance Brokers

Friendly

Completed

Majority

Private

Acquisition

Domestic

Synopsis

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Paragon Insurance Holdings, a national managing general agency, completed the acquisition of Reel Media, a insurance solutions provider. Financial terms were not disclosed. “This is a great moment for Reel Media, our staff and our partners. Paragon’s business strategy and commitments to attracting and partnering with great talent, distribution, and carrier and reinsurance partners resonated with us. Their operational and analytic capabilities will also drive business efficiencies and improvements for Reel Media and deliver value to our clients and partners,” Marc Idelson, Reel Media CEO, and Founder.

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