Marpai, a US-based insurtech company, has agreed to acquire Maestro Health, a third-party administrator (TPA) for employee health and benefits, for $22.1 million in cash. Headquartered in Chicago, Maestro Health is said to serve more than 80 self-insured employers, covering nearly 25,000 employees. Maestro Health is said to provide end-to-end health plan solutions by integrating […]
Marsh McLennan Agency (MMA), a subsidiary of global insurance broker and risk advisor Marsh, has acquired CS Insurance Strategies, a Chicago-based insurance agency for an undisclosed price. CS Insurance Strategies was established in 2009. The insurance brokerage offers business insurance, employee health and benefits, and risk management consulting services. It caters to organizations of all […]
StoicLane, a Chicago-based long-term growth platform, has acquired Triserv Appraisal Management Solutions, an appraisal management company that caters to banks, credit unions, and mortgage bankers across the US with its appraisal and evaluation solutions. The financial terms of the deal were not disclosed. StoicLane will provide Triserv Appraisal Management Solutions with capital, operational expertise, and […]
Hub International has acquired certain assets of Illinois-based Alta Actuaries and Consultants, including the latter’s APEX Global Benefit Management system, in a move to expand its employee benefits consulting services. The financial terms of the deal were not disclosed. Alta Actuaries and Consultants, which is headquartered in Chicago, was founded by a group of global […]
The Kraft Heinz Company has created a joint venture (JV) with Chilean food tech start-up TheNotCompany (NotCo) for accelerating artificial intelligence (AI) driven plant-based innovation around the world. Dubbed as The Kraft Heinz Not Company, the joint venture will operate under the control of Kraft Heinz. It will utilize the inherent strengths of the two […]
German conglomerate JAB Holding Company said that its US pet insurance platform — Independence Pet Holdings (previously Iguana Capital) has agreed to acquire US-based Figo Pet Insurance. The financial terms of the deal were not disclosed. Figo Pet Insurance, which is based in Chicago, provides a combination of insurance policies to protect pets in cases […]
California-based private equity investor HighBar Partners has acquired SilkRoad Technology, a software and cloud-based technology platform, for an undisclosed price. Based in Chicago, SilkRoad Technology has designed a platform for increasing employee satisfaction and productivity. HighBar Partners has also agreed to arrange additional growth equity financing to SilkRoad Technology for further developing its SaaS capabilities, […]
Location-sharing app Life360 has wrapped up the previously announced acquisition of wearable location devices provider Jiobit in a deal worth up to $54 million. The stock and debt deal was announced by the San Francisco-based Life360 in April 2021. As per the terms, the consideration is $37 million with an additional 17.5 million to be […]
US private equity firm 31st Street Capital has acquired Illinois-based flooring company Total Flooring for an undisclosed price. Based in Homer Glen, Total Flooring is the third flooring company acquired by 31st Street Capital after the acquisitions of Floor Source in 2018 and Flooring Expo by Carpet King. Total Flooring has been serving the Chicago […]
AccuRisk Holdings, a Chicago-based managing general underwriter, has acquired Tandem Medical Solutions from Resolution Reinsurance Intermediaries (ResRe) for an undisclosed price. Established nearly five years ago, Tandem Medical Solutions provides medical GAP insurance solutions, which have been designed to help bring down the health plan costs of employers as well as the out-of-pocket expenses for […]