Acquiring Company
Palomar Holdings
Acquired Company
Gray Surety
La JollaUnited StatesInsuranceArtificial IntelligenceDescription
Palomar Holdings, Inc. has acquired Gray Surety for approximately $311 million on January 31, 2026. This acquisition is set to enhance Palomar's scale and diversification strategy while contributing significantly to its revenue growth. Gray Surety's integration is substantially complete, allowing Palomar to focus on franchise building initiatives. Management expects this acquisition to drive scale and earnings growth over the next few years.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Gray Surety?
Gray Surety was acquired by Palomar Holdings, based in La Jolla. The deal was reported on September 9, 2026. Palomar Holdings, Inc. is an innovative insurance holding company serving residential and commercial clients in specialty markets, including earthquake insurance. Palomar Holdings is publicly traded (PLMR) and operates in Insurance.
When did Palomar Holdings acquire Gray Surety?
Palomar Holdings's acquisition of Gray Surety was reported on September 9, 2026. Palomar Holdings, Inc. has acquired Gray Surety for approximately $311 million on January 31, 2026. This acquisition is set to enhance Palomar's scale and diversification strategy while contributing significantly to its revenue growth. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Gray Surety do?
Gray Surety is a Treasury-listed surety carrier specializing in contract bonds. It serves mid-sized and emerging contractors across all 50 states. With 13 regional offices, it is well-positioned in the surety market. It is privately held, operating in Artificial Intelligence, and is based in United States.
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