Warner Pacific Completes Acquisition of 5 Acrisure General Agencies

Deal News | Jan 10, 2025 | EIN

Warner Pacific Completes Acquisition of 5 Acrisure General Agencies

Warner Pacific, a prominent general agency headquartered in Westlake Village, California, has completed the acquisition of five general agencies from Acrisure, a broker and fintech specialist, effective December 1, 2024. The acquisition aims to bolster Warner Pacific's position in the wholesale benefits distribution market across the United States. Although the financial details remain undisclosed, Warner Pacific's Jan. 7 announcement detailed that this strategic move would enable Warner Pacific to provide augmented general agency support to Acrisure's North American retail operations, while also integrating Acrisure's wholesale products into its broker network. The acquired agencies, with varying founding years and geographic headquarters, include Employee Benefit Risk Management, Group Benefit LTD, Professional Group Marketing, National United Brokers, and Mature Health Services. Dave Nelson, co-CEO of Warner Pacific, expressed enthusiasm about this expansion towards achieving greater market leadership. Acrisure's Seth Denson underscored the value this alliance brings to small and medium enterprise (SME) businesses by offering enhanced benefits and products.

Sectors

  • Insurance
  • Financial Services
  • Wholesale Distribution

Geography

  • United States – All companies involved and their headquarters are located within the United States, and the business operations primarily target the U.S. market.

Industry

  • Insurance – The acquisition involves agencies that specialize in benefits and risk management, integral components of the insurance sector.
  • Financial Services – Acrisure operates as a broker and fintech specialist, aligning with the financial services sector.
  • Wholesale Distribution – Warner Pacific aims to become a leading wholesale benefits distributor, indicating involvement in the wholesale distribution industry.

Financials

  • Not Disclosed – The financial terms of the acquisition were not disclosed.

Participants

NameRoleTypeDescription
Warner PacificBuyerCompanyA general agency based in Westlake Village, California, focused on becoming a leading wholesale benefits distributor.
AcrisureSellerCompanyA broker and fintech specialist selling five of its general agencies to Warner Pacific.
Employee Benefit Risk ManagementTarget CompanyCompanyA general agency founded in 1987, headquartered in Oak Brook, Illinois.
Group Benefit LTDTarget CompanyCompanyA general agency founded in 1995, headquartered in Urbandale, Iowa.
Professional Group MarketingTarget CompanyCompanyA general agency founded in 1981, headquartered in Brewster, New York.
National United BrokersTarget CompanyCompanyA general agency founded in 1989, headquartered in Westerville, Ohio.
Mature Health ServicesTarget CompanyCompanyA general agency founded in 1984, headquartered in Palatine, Illinois.