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.

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“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.”

Principal

Jacksonville, USA
Oaklins Heritage

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