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New Deal


Announced

Completed

MGT Partners completed the acquisition of CM Select from Church Mutual.

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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Acquisition

Domestic

United States

Friendly

Insurance Brokers

insurance carrier

Completed

Single Bidder

Majority

Private

Synopsis

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MGT Partners, a privately owned organization backed by experienced insurance executives and investors, completed the acquisition of CM Select, an insurance carrier that provides commercial P&C insurance to smaller religious and non-profit organisations, from Church Mutual, an insurer of religious organizations in the US. Financial terms were not disclosed. “Our mission behind MGT Insurance is simple – we want to make commercial P&C insurance easy and efficient by leveraging data and technology to eliminate unnecessary steps and streamline the process on the back end. We’re creating a better insurance experience for our sales partners and policyholders, and protecting what matters most to business owners across the US,” Graham Topol, MGT Insurance Co-Founder and Co-CEO.

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