Mergers and Acquisitions
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Mergers and Acquisitions News (M&As) for Public and Private Companies
EPIC Sells North Bay Operations to InterWest Insurance Services
SAN FRANCISCO, Calif. -- EPIC Insurance Brokers and Consultants (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, announced today the sale of their Petaluma branch office and its book of business to Sacramento-based InterWest Insurance Services. Both EPIC and InterWest are anticipating a seamless, "business as usual" transition.
Trivedi-Capacity Associates acquired by JenCap Holdings LLC
NEWS: (NEW YORK, N.Y.) JenCap Holdings, LLC, a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers, has acquired specialist MGA and wholesaler Trivedi-Capacity Associates, LLC. JenCap Holdings, LLC is a portfolio company of The Carlyle Group.
The Carlyle Group (NASDAQ:CG) Acquires Wholesale Trading Co-op Insurance Services
NEWS: (SAN FRANCISCO, Calif.) Wholesale Trading Co-op Insurance Services, a privately-held wholesale insurance specialist serving a group of leading retail insurance brokers, announced today that The Carlyle Group (NASDAQ:CG) has agreed to acquire a majority stake in wholesale insurance broker JenCap Holdings, LLC and the assets of Wholesale Trading Co-Op Insurance Services, which will be re-named Wholesale Trading Insurance Services, LLC.
MetaSource LLC acquires Titan Lenders Corp.
NEWS: (DENVER, Colo.) Mortgage services expert Titan Lenders Corp. (Titan) announced it has been acquired by Utah-based MetaSource, LLC. Terms of the deal were not disclosed. The acquisition of Titan broadens the company's footprint in data-centric mortgage services.
Diverse Technology Solutions acquires cloud hosted Unified Communications VOIP provider Voitual
NEWS: (ISLIP TERRACE, N.Y.) Diverse Technology Solutions Inc. (DTS) a N.Y. based cloud hosting service provider has acquired cloud hosted Voice Over IP (VOIP) telephone service provider Voitual of Delray Beach Florida. The newly formed company DTS VOIP LLC will acquire the assets of Voitual rebranding the companies Hosted PBX Voice Over IP telephony service as DTS-VOIP adding another cloud product to the portfolio of DTS's successful cloud hosting solutions.
BetterWay Insurance Services acquired by Protector Holdings
NEWS: (SAN FRANCISCO, Calif.) Protector Holdings, a joint venture of EPIC Insurance Brokers and Consultants and Dowling Capital Partners, announced today the acquisition of BetterWay Insurance Services. Premier Insurance Services, acquired by Protector Holdings in 2013, targets the growing Hispanic Community in California.
Capital Automotive Group of North Carolina Acquires Bobby Murray Chevrolet
NEWS: (RALEIGH, N.C.) Capital Automotive Group (CAG) of North Carolina announced today the acquisition of Bobby Murray Chevrolet, 1820 Capital Blvd., Raleigh. The name will change to Capital Chevrolet. This brings to 13 the number of auto brands represented by Capital.
Prestige Worldwide Group, parent of Crime Scene Clean Up, acquires three of the largest biohazard companies
NEWS: (PATCHOGUE, N.Y.) Prestige Worldwide Group, parent company of Crime Scene Clean Up, announced today that it has acquired KRI Crime Scene Cleanup of Texas, Crime Scene Inc. of Maryland and Crime Scene Clean LLC of Texas, three of the largest biohazard firms in the U.S. This deal marks one of the largest of its kind in the crime scene cleanup industry and now makes Crime Scene Clean Up the leading firm in the business.
EPIC Insurance Brokers and Consultants acquires Ascende, Inc.
NEWS: Ascende, Inc., a premier human capital and employee benefits consulting firm, and EPIC Insurance Brokers and Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces.
MCT Trading, Inc. Acquires Assets of PLar Analytics, LLC and PB Pacific Partners, LLC
NEWS: MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it has acquired certain key assets of PLar Analytics, LLC, a provider of financial models for mortgage bankers, and of PB Pacific Partners, LLC, which offers consulting services on capital markets and mortgage servicing.