American insurance brokerage firm PCF Insurance Services has secured a $500 million preferred equity investment at a valuation of $4.7 billion. PCF Insurance Services anticipates to use proceeds from the transaction to establish itself as a premier insurance brokerage firm in the US. The transaction is co-led by Carlyle’s Global Credit platform and existing minority […]
Nazara Technologies, an Indian gaming and sports media company, has acquired WildWorks, an American children’s interactive entertainment company, in an all-cash deal worth $10.4 million. Established in 2003, WildWorks is a game studio focused on the children’s market for the 8-12 age group. Its mobile apps are claimed to have drawn more than 150 million […]
PCF Insurance Services, an American insurance brokerage firm, has acquired United Underwriters, a property and casualty managing general agent (MGA), based in Utah. The financial terms of the deal were not disclosed. Established in 1998, United Underwriters is said to cater to over 150 agencies across the property and casualty MGA services and programs in […]
Blackstone Products, a US-based griddle maker, has agreed to merge with blank check company Ackrell SPAC Partners I Co. in a deal that values the combined entity at $900 million. The merger with the special purpose acquisition company (SPAC) will enable Blackstone Products to become a publicly-listed company, which will trade on Nasdaq. Based in […]
DexKo Global, an Indiana-based manufacturer of highly engineered trailer running gear, chassis assemblies, and related parts, has acquired Progress Mfg. Inc. The acquisition was executed by its fully-owned subsidiary — Dexter Axle Company. Based in Provo, Utah, Progress Mfg is engaged in manufacturing custom-engineered, safety-critical towing and trailering products like weight distribution hitches and integrated […]
Atlanta-based fire protection service Pye-Barker Fire & Safety has acquired Mountain Alarm Fire & Security for an undisclosed price. Based in Odgen, Utah, Mountain Alarm Fire & Security has 14 locations in the Intermountain West of the Western US. The company provides alarm monitoring, installation, and maintenance, and inspection for fire alarms, CCTV systems, security […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Real Estate Insurance Solutions, based in Park City, Utah. The financial terms of the deal were not revealed. Real Estate Insurance Solutions, which was established in 2004, provides real estate errors and omissions insurance/cyber liability. The company caters to residential and commercial real estate brokers […]
HCA Healthcare, a Nashville-based healthcare services provider, has agreed to acquire the operations of Steward Health Care’s five Utah hospitals, for an undisclosed price. Additionally, HCA Healthcare forged an agreement to lease the associated real estate from its owner after the expected closing of the deal. The Nashville-based said that the hospitals will become part […]
Bamboo Insurance, an Utah-based insurtech company, has acquired some of the assets of First American Property and Casualty Insurance Agency (FAPCIA) from First American Financial Corporation, a provider of title insurance, risk solutions, and settlement services for real estate transactions. The financial terms of the deal were not disclosed by the parties. In October 2020, […]
Walker Edison, an American e-commerce furniture company, has secured a significant minority investment from funds managed by Blackstone Tactical Opportunities, the opportunistic investment platform of Blackstone. The terms of the deal were not disclosed. Brad Bonham and Matt Davis – the founders of Walker Edison and the company’s controlling investor – Prospect Hill Growth Partners […]