- Jeff Radke serves as chairman and CEO of Accelerant
- The transaction is currently expected to close in the first half of 2027
Thoma Bravo has agreed to acquire Accelerant, an Atlanta-based specialty insurance risk exchange platform, in a take-private deal for more than $4 billion.
Altamont Capital Partners, Accelerant’s largest investor, and the company’s founders, intend to retain equity ownership alongside Thoma Bravo.
Jeff Radke serves as chairman and CEO of Accelerant.
“We have immense admiration for Jeff, his team and the business they’ve built,” said A.J. Rohde, senior partner at Thoma Bravo. “As the MGA market continues to grow, underwriters are looking for a committed technology-forward partner who can unlock rapid program growth and underwriting innovation. We’ve invested in insurance technology and data businesses for years, and we’re excited to work alongside the entire Accelerant team.”
The transaction is currently expected to close in the first half of 2027.
Morgan Stanley is serving as exclusive financial advisor to the board of directors of Accelerant. Paul Hastings LLP is serving as U.S. legal counsel, Sidley Austin LLP is serving as special insurance counsel, and Maples Group is serving as Cayman Islands legal counsel to Accelerant. Houlihan Lokey is serving as financial advisor and Conyers Dill & Pearman is serving as legal counsel to the Special Committee. Goodwin Procter LLP is serving as legal counsel, Skadden, Arps, Slate, Meagher & Flom LLP is serving as special insurance counsel and Walkers is serving as Cayman Islands legal counsel to Thoma Bravo. BMO Capital Markets and Wells Fargo are serving as financial advisors to Thoma Bravo. Ropes & Gray LLP is serving as legal counsel to Altamont Capital Partners.