Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
a portfolio company of
announces acquisition by
Financial Advisor to DOXA November 2023
Industry: Insurance
Type: Sell-Side M&A

DOXA Insurance Holdings (“DOXA” or the “Company”), one of the fastest growing niche underwriting and distribution companies in North America, announces it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management (“Goldman Sachs”).

This private equity investment by Goldman Sachs marks a pivotal moment for DOXA, propelling the Company towards its next phase of expansion. The investment will help fuel DOXA's ongoing acquisition strategy in addition to its organic growth initiatives. DOXA's management team and employee shareholders will remain significant investors alongside Goldman Sachs.

Since its inception in 2016, DOXA has demonstrated exceptional growth, bolstered by its integrated, family of companies approach. The Company's portfolio spans specialty MGA, wholesale, affinity, and alternative risk segments generating over $600 million in written premium. With a presence across the United States, DOXA solves complex coverage issues for numerous industries in need of specialized insurance solutions.

Matt Sackett, CEO and founder of DOXA Insurance Holdings, said, "The investment from Goldman Sachs is a testament to the strong business and brand DOXA has created since inception. We are excited to work with Anthony and his team to accelerate DOXA’s strategic expansion and drive DOXA in its next chapter of evolution.”

Anthony Arnold, Managing Director in Private Equity at Goldman Sachs, said, "We are excited to partner with Matt and the entire DOXA team and have been impressed with the significant and differentiated capabilities they have assembled since launching in 2016.  We look forward to bringing our resources to DOXA’s existing platform and to help them capitalize on the significant macro trends that are driving the broader MGA sector.”

The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals. Waller Helms Advisors served as exclusive financial advisor to DOXA in connection with this transaction.