ABD Insurance and Financial Services’ $1.35 Billion Merger with Newfront Insurance

Weil advised ABD Insurance and Financial Services on the deal.

ABD Insurance and Financial Services, Inc., a recognized innovator in employee benefits, insurance and financial services, executed its $1.35 billion merger with Newfront Insurance, Inc., the cutting-edge technology-enabled brokerage. The combined company will be called Newfront. The transaction is expected to close by the end of August, subject to customary closing conditions.

The Weil team advising ABD Insurance and Financial Services, Inc. was led by M&A/Private Equity partner Kyle Krpata (Picture) and included Private Equity counsel Nicholas Doloresco and Private Equity associates Kymberly Thoumaked, Joseph Shui and Hilary Wilkerson. The team also included Tax partners Helyn Goldstein and Chayim Neubort; Tax associate Nathan Gusdorf; Executive Compensation & Benefits partner Jennifer Britz; Executive Compensation & Benefits associate Akansha Mishra; Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions counsel Caroline Geiger; Technology & IP Transactions associates Catherine Kim and Alex Theuer (Not Yet Admitted in New York); Antitrust partner Vadim Brusser; Antitrust associate Dan Nobil; and Employment Litigation associate Justin DiGennaro.

Involved fees earner: Jennifer Britz – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Justin DiGennaro – Weil, Gotshal & Manges; Nicholas Doloresco – Weil, Gotshal & Manges; Caroline Geiger – Weil, Gotshal & Manges; Helyn Goldstein – Weil, Gotshal & Manges; Nathan Gusdorf – Weil, Gotshal & Manges; Catherine Kim – Weil, Gotshal & Manges; Kyle Krpata – Weil, Gotshal & Manges; Akansha Mishra – Weil, Gotshal & Manges; Chayim Neubort – Weil, Gotshal & Manges; Dan Nobil – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Joseph Shui – Weil, Gotshal & Manges; Kymberly Thoumaked – Weil, Gotshal & Manges; Hilary Wilkerson – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: ABD Insurance and Financial Services;

Martina Bellini

Author: Martina Bellini