MarshBerry Congratulates One80 Intermediaries On Their Partnership With Euclid Enviant

WOODMERE, Ohio, October, 4, 2023 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, congratulates One80 Intermediaries on their partnership with Euclid Enviant, LLC (Enviant), a subsidiary of Euclid Insurance Services (Euclid). MarshBerry served as the exclusive financial advisor to Euclid on the transaction which closed on September 1, 2023.

Based in Houston, Texas, Enviant is focused exclusively on providing a comprehensive suite of environmental products and services to a range of commercial clients. Enviant provides environmental casualty, site pollution and contractor’s pollution and professional insurance and has been part of the Euclid Insurance Services group of MGA companies since 2016.

“Given the relationship built with Euclid, and MarshBerry’s proprietary merger & acquisition process which delves into the needs and goals of our clients, our firm was uniquely positioned to help identify the right partner for Enviant in One80 Intermediaries. Enviant’s model and expertise align very well with One80 Intermediaries and their platform to deliver insurance solutions to complex niches,” said Bucur.

“MarshBerry proudly represented Euclid on its sale of Enviant to One80 Intermediaries. MarshBerry’s Specialty Practice built a relationship with Euclid over the years through their attendance at MarshBerry’s annual Peak Performance Summit, a specialty focused education and networking event. Further, MarshBerry previously partnered with Euclid in various projects and transactions including the sale of Euclid Fiduciary in 2022 and the sale of Euclid Managers in 2015” said Phil Trem, President – Financial Advisory.

MarshBerry’s transaction team included George Bucur – Managing Director and Co-Head of MarshBerry’s Specialty Practice, Pete Kampf – Vice President, and –Allison Muntin – Analyst. Terms of the transaction were not disclosed.

MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,100 merger & acquisition transactions which is approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.