Maidstone Insurance acquired by listed holding company
Maidstone Insurance Company, a New York-domiciled, personal lines insurer with 23 state licenses, has been acquired by Special Diversified Opportunities, a publically traded diversified holding company that acquires companies in various industries.
The company was originally called AutoOne Insurance. In 2011, AutoOne Insurance was acquired from OneBeacon by Interboro Holdings, and later rebranded as Maidstone Insurance in 2013. Interboro Holdings is backed by Northwood Ventures, a venture capital and buyout investor.
Stonybrook Capital acted as the sell-side financial advisor to Northwood Ventures on the deal.