Accelerant Acquires North Carolina’s Agribusiness Risk Underwriters

Accelerant, a technology-based insurance platform, has acquired Agribusiness Risk Underwriters (ARU), a provider of poultry farm insurance product development, underwriting and loss control.

ARU was founded in 2016 in Winston-Salem, North Carolina. It builds and distributes proprietary insurance products, invests in loss prevention engineering and research and focuses on collaborative broker and policyholder relationships.

Accelerant offers a risk exchange that supports underwriting teams and focuses specifically on serving the needs of small and medium-sized businesses, with a particular emphasis on property/casualty insurance. It was founded in 2018 and backed by private equity firm Altamont Capital Partners.

M&A Services Inc. acted as financial advisor for ARU, and Satin & Lee acted as legal counsel for ARU.

Source: Accelerant