WELLESLEY, Mass., August 30, 2021 – Morgan Partners is pleased to announce that our client SASid, a leading provider of products, technology, services, and reinsurance in the specialty health & life sector, has been acquired by Acrisure, a top 10 global insurance broker focused on tech transformation.

SASid’s longstanding affinity relationships reach millions of self-employed individuals unavailable through employer-sponsored group plans, and their profile is an ideal fit with Acrisure’s expansive network of clients and industry relationships.  The two companies anticipate explosive growth of SASid’s products and services in leveraging Acrisure’s robust sales and marketing infrastructure.

“The team at Morgan Partners did a fantastic job.  It took the right bank to craft the story around our company which offers insurance product development, tech-enabled distribution, TPA services, and reinsurance” commented Shannon Kennedy, co-founder and President.  “We couldn’t be happier with how Morgan Partners managed the process from start to finish.  Their knowledge of our business and the insurance sector in general was critical in driving a successful outcome for us, and we’re really excited about the next chapter for SASid as part of Acrisure” added co-founder and Vice President Shawn Kennedy.

Patrick Vaughn, Managing Director at Morgan Partners, remarked “The Kennedy brothers come from an insurance family, and in SASid they built a fantastic company from the ground up.  We expect big things from SASid as it takes full advantage of all the strengths and resources that Acrisure brings.”

This transaction further strengthens Morgan Partners’ deep coverage of insurance technology and tech-enabled services.  Terms were not disclosed.

About SASid

SASid’s mission is to build, market, and administrate niche health and supplemental insurance products and systems which help people; to create insurance products and technologies which are simple to understand, quote, purchase and smart to have.  Founded in 1998, SASid Inc. is headquartered in Janesville, WI.  More information is available at www.SASid.com.

About Acrisure

Acrisure is a fintech leader and among the world’s top 10 insurance brokerages. The Company provides a broad array of insurance and financial related solutions, including commercial property and casualty, personal lines and employee benefits insurance as well as Asset Management products and services. Find out more at www.acrisure.com.

About Morgan Partners

Morgan Partners is a highly focused middle-market financial technology investment bank. Our tailored, expert services, deep industry relationships, and vertical domain expertise allow us to provide “best execution” simply not available at other firms. Our services consist of sell-side and buy-side M&A, capital raising, and strategic advisory to technology companies in the insurance, capital markets, banking, and related sectors. Visit www.morganpartners.com to learn more.