FTV’s Vostrizansky on flood insurance and private equit y; defense, natural gas and window cleaning add-on deals

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FTV’s Vostrizansky on flood insurance and private equity; defense, natural gas and window cleaning add-on deals

Good morning Hubsters, Craig McGlashan here with the Tuesday Wire.

We start today by looking at private equity opportunities in the flood insurance industry sector, courtesy of Mike Vostrizansky, a partner at FTV Capital, who talks about his firm’s recent investment in Neptune Flood Incorporated.

Next up we have a round of add-on deals to tell you about, in sectors as diverse as defense, natural gas and window cleaning.

Flood insurance

PE Hub’s Obey Martin Manayititakes a look at the flood insurance sector today as he speaks to Mike Vostrizansky, a partner at FTV Capital.

FTV, alongside Bregal Sagemount, recently took a minority stake in Neptune Flood Incorporated, a digital insurtech platform and private flood insurance provider based in St Petersburg, Florida.

The rising risk of flooding in some areas of the US, as well as coverage shifting from the federally subsidized National Flood Insurance Program (NFIP) towards private players, are driving demand for flood insurance, said Vostrizansky.

You can read the full interview here.

The story struck a chord with me as over on PE Hub Europe today, Nina Lindholmspoke to Cinven partner Jorge Quemadaabout how evolving legal frameworks for the transition to a green economy are also creating opportunities for private equity firms.

We also had a deal in the insurance technology sector to report, as Pollen Street Capital announced plans to invest in Wide Group, a technology-led commercial insurance broker.

Defense

iNovex, which is backed by Enlightenment Capital, has agreed to acquire Innoplex, a Columbia, Maryland-based defense contractor.

Natural gas

Foremark, which is backed by SK Capital Partners, has acquired NexGen Chemical Technologies, a Texas-based provider of natural gas sweetening solutions.

Window cleaning

Tendit Group, a portfolio company of Osceola Capital, has acquired Tempe, Arizona-based Clean D Windows, a commercial window cleaning and glass restoration company.

That’s all from me – Chris Witkowsky will be with you tomorrow for Wire Wednesday.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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