U.S. domiciled insurer, Maidstone Insurance Company, has been sold to Special Diversified Opportunities Inc., in a deal that was assisted by Stonybrook Capital.
Stonybrook Capital, which is an affiliate of Weild & Co., was named the exclusive sell-side financial advisor to Northwood Ventures, a venture capital and buyout investor, in its sale of Maidstone.
Northwood Ventures Managing Partner and Founder, Peter Schiff, commented; “Stonybrook was imperative in providing guidance, running the transaction process, and maximizing value in the sale of Maidstone.”
Director of Stonybrook Capital, Ravi Arps, added; “Stonybrook is delighted to be involved in the sale of Maidstone, and are pleased to have been able to help management find a buyer that supported their initially expressed goals for the transaction.”
While Dwight Evans, Senior Managing Director and Board Member of Stonybrook Capital, said; “We are appreciative to have been chosen for this assignment by Northwood Ventures and Maidstone and acknowledge the opportunity to work with such an established Family Office.
“We believe that our partnership with AHJ Capital Markets was helpful in finding a suitable buyer and vetting their ability to complete the transaction.”
