Go to deals
Private Equity | Business Support Services | Financial Services

Coastal Insurance Underwriters has been acquired by Constellation Affiliated Partners

The shareholders of Coastal Insurance Underwriters have sold the firm to Constellation Affiliated Partners.

Coastal Insurance Underwriters provides insurance products for a variety of community associations, including condominiums, homeowners and golf and country clubs. Headquartered in Ponte Vedra Beach, Florida, it is one of the largest MGUs to focus on this sector with over 8,000 community associations currently insured. The firm distributes its products online and aims to provide highly specialized and financially sound insurance products through automated and user-friendly solutions.

Constellation, backed by RedBird Capital Partners, is a New York-based insurance consolidator. The firm is active in acquiring MGUs, program administrators and wholesalers in the USA and Canada. Constellation largely seeks partnerships with companies that have demonstrated superior underwriting principles and have earned a solid industry reputation.

Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Coastal Insurance Underwriters in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.

Service
M&A sell-side
Parties
“Oaklins’ team in Jacksonville’s expertise and their ability to communicate with both the buyer and the seller were of great assistance to us. Their professional approach, attention to detail and problem-solving skills really impressed me and brought a lot of value to the transaction process.”

Charles Bushong

Owner and CEO, Coastal Insurance Underwriters

Talk to the deal team

 Daniel  Edelman

Daniel Edelman

Principal

Jacksonville, United States
Oaklins Heritage
 Alex  Kellison

Alex Kellison

Principal

Jacksonville, United States
Oaklins Heritage
 Doug  Kravet

Doug Kravet

Principal

Jacksonville, United States
Oaklins Heritage
 Howard C. Serkin

Howard C. Serkin

Principal

Jacksonville, United States
Oaklins Heritage
 Don  Wiggins

Don Wiggins

Principal

Jacksonville, United States
Oaklins Heritage

Related deals

ME Investicija has sold Viena Sąskaita to Aktiva Finants
Financial Services

ME Investicija has sold Viena Sąskaita to Aktiva Finants

ME Investicija has sold Viena Sąskaita to Aktiva Finants.

Learn more
Profitable Ideas Exchange has completed a management buy-out
Private Equity | Business Support Services

Profitable Ideas Exchange has completed a management buy-out

CEO Tom McMakin and other members of the management team have acquired Profitable Ideas Exchange (PIE). The transaction has been funded by Caltius Structured Capital.

Learn more
Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Financial Services | TMT

Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)

Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.

Learn more