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Velocity Risk Announces Acquisition By Oaktree

Dec 28, 2021•over 3 years ago

Acquiring Company

Oaktree Capital Management

Acquired Company

Velocity Risk Underwriters

Financial Services

Description

Velocity Risk Underwriters, LLC (“Velocity Risk”), a catastrophe-focused property and specialty insurance risks managing general agent (“MGA”), has announced its acquisition by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global investment manager specializing in alternative investments.

Company Information

Company

Oaktree Capital Management

About

Oaktree Capital Management is a leading global investment management firm specializing in alternative investments. The firm primarily focuses on credit strategies and has a strong presence in various sectors including media. With a commitment to creating value, Oaktree has significant experience in mergers and acquisitions. The firm aims to drive growth and success in its portfolio companies.

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