M&A · Financials · Buyer's industry: Fire, Marine & Casualty Insurance
Palomar Holdings, Inc. to acquire Gray Casualty & Surety Company
Announced Oct 30, 2025 · Closed Feb 2, 2026 · Private target
Deal value$300M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- Palomar Holdings, Inc. (PLMR)
- Target
- Gray Casualty & Surety Company
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Feb 2, 2026
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Evercore
- To the target
- JPMorgan
Classification
- Sector
- Financials
- Buyer's industry
- Fire, Marine & Casualty Insurance