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Amynta Group Completes The Acquisition Of Ambridge Group From Brit, A Subsidiary Of Fairfax

May 11, 2023•over 2 years ago

Acquiring Company

Amynta Group

Acquired Company

Ambridge Group

New York

Description

Amynta Group, Brit Ltd (“Brit”), a subsidiary of Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), and Fairfax announce the successful completion of the previously announced acquisition of Ambridge Group from Brit for a purchase price of $400 million.

Company Information

Company

Amynta Group

Location

Corporate Address

New York, New York, United States

About

The Amynta Group is an industry leading team of warranty and specialty risk companies as well as managing general agents. This collection of professionals and firms provides warranty and services contracts for the automotive, consumer products and specialty equipment industries, among others, and administers niche workers'​ compensation and contractor liability coverage in the United States and Canada on behalf of multiple carriers.

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M&A Insights

Based on deal data
Integration 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
M&A deals with strong technology integration plans are 2.5x more likely to succeed