BY Fraser Tennant
In an all-cash transaction that takes it back into private ownership, insurance marketplace Accelerant is to be acquired by US private equity and growth capital firm Thoma Bravo for more than $4bn.
Under the terms of the definitive agreement, shareholders of Atlanta-based Accelerant will receive $20.25 per share in cash, representing a 49 percent premium to Accelerant’s closing share price on 12 August 2026.
Upon completion, and just over a year since its first listing, Accelerant will once again become a private company, and its common shares will no longer be listed nor traded on the New York Stock Exchange.
Altamont Capital Partners, Accelerant’s largest investor, and the company’s founders, intend to retain equity ownership alongside Thoma Bravo, the terms of which will be finalised prior to closing.
Founded in 2018, Accelerant is a data-driven platform that connects specialty insurance underwriters with risk capital providers through advanced analytics, real-time data and transparent underwriting insights. Its platform supports diversified, low-volatility premium performance and scalable capital deployment across cycles.
“Accelerant has been building the preeminent specialty insurance marketplace,” said Jeff Radke, chairman and chief executive of Accelerant. “Returning to private ownership with Thoma Bravo’s technology and software expertise, coupled with its vast financial and strategic resources, will enable us to make investments that further position our unique, data fueled platform to be the rails on which specialty insurance runs.”
The world’s largest software-focused investment firm, Thoma Bravo partners with some of the world’s most sophisticated investors. Over the past 20-plus years, it has acquired or invested in approximately 590 companies, representing more than $320bn of aggregate value.
“As the managing general agent market continues to grow, underwriters are looking for a committed technology-forward partner who can unlock rapid program growth and underwriting innovation,” said A.J. Rohde, senior partner at Thoma Bravo. “We have invested in insurance technology and data businesses for years, and we are excited to work alongside the entire Accelerant team.”
The transaction, which is currently expected to close in the first half of 2027, is subject to customary closing conditions, including approval by Accelerant shareholders and satisfaction of required regulatory approvals.
“Accelerant has built something rare in specialty insurance,” added Matt LoSardo, a principal at Thoma Bravo. “We look forward to partnering with the team to invest behind the technology, data and capital capacity to support Accelerant’s next phase of growth.”
News: Thoma Bravo to take Accelerant private in more than $4 billion deal