Prepared Holdings, LLC on June 13, 2016 said its Board of Managers authorized a review of strategic alternatives for the Company.
The Board of Managers and a key investor committee will review the strategic alternatives and potential opportunities. Stonybrook Capital, an affiliate of FINRA-member Weild & Co., has been retained as the exclusive financial adviser to the Company.
The Company does not plan to make any further statements regarding the process unless and until a definitive agreement has been reached or until the process of exploring strategic alternatives has ended.
About Prepared Holdings, LLC (PHLLC)
Prepared Holdings, LLC (PHLLC) is the parent company of a consolidated group of companies writing personal homeowners’ lines of business in Florida and Louisiana. Prepared Insurance Company (PIC) is the primary operating company, headquartered in Tampa, Florida. Founded in 2009, the company reported total written premiums of $70M in 2015. For more information about Prepared Insurance Company, please visit the company website at www.preparedins.com.
About Stonybrook Capital LLC
Stonybrook Capital LLC is a specialist strategic advisory and investment banking firm focused exclusively on the insurance industry. Stonybrook’s relationships include insurers, reinsurers, agents, brokers, managing general underwriters, asset managers, private equity firms, hedge funds and alternative asset managers. Securities transactions are executed through Weild & Co., member FINRA | SIPC. For more information, visit our website: www.stonybrookcapital.com.