Novatae Risk Group acquires the assets of Denali Specialty Group, LLC to expand specialty insurance offerings
Jul 09, 2024•over 1 year ago
Acquiring Company
Novatae Risk Group
Acquired Company
Denali Specialty Group
DallasMissouriInsuranceDescription
Novatae Risk Group announced the acquisition of the assets of Denali Specialty Group, LLC. This strategic move enables Novatae to expand its specialty insurance offerings and benefit from Denali's expertise in niche programs and specialty lines business. The transaction took place on July 1, 2024, and further strengthens Novatae's position as a full-service specialty insurance brokerage and program manager.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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