M&A TRANSACTION · 2024
Patriot Growth Insurance Services (Capital Raise) acquired by GI Partners / Summit Partners / Morgan Stanley
$500.0M· 0.90x revenue
Target
Patriot Growth Insurance Services (Capital Raise)
Fort Lauderdale, FL
Top 25 US insurance broker focused on growth through acquisitions, completed 64 agency partnerships since 2019 founding
Acquirer
GI Partners / Summit Partners / Morgan Stanley
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$555.9M
EBITDA
—
Deal Value
$500.0M
EV/EBITDA
—
Context
This $500.0M acquisition of Patriot Growth Insurance Services (Capital Raise) by GI Partners / Summit Partners / Morgan Stanley sits in the insurance agency sub-vertical. GI Partners / Summit Partners / Morgan Stanley is acquiring as a private equity buyer; see how PE acquirers typically price insurance agency businesses on our Insurance Agency PE buyer-pool page.
Source
Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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