The stock will trade at or near the $20.25 deal price, with the spread reflecting the risk of regulatory delay and the ticking fee (6% per annum if delayed by insurance approvals). Traders should monitor the proxy filing and regulatory timeline; the deal is well-supported with 82% of votes pre-committed and no financing condition, making completion highly probable.
Price Chart
Executive Summary
Accelerant Holdings announced a definitive agreement to be acquired by Thoma Bravo for $20.25 per share in cash, a 49% premium to the prior close, with an enterprise value of more than $4 billion. The company also reported strong Q2 2026 results, with adjusted EPS of $0.32 (96.3% beat vs. $0.16 consensus) and total revenues of $356.9M, though guidance was withdrawn due to the pending transaction. The take-private deal, supported by 82% of voting rights from Altamont Capital Partners, is expected to close in the first half of 2027.
Key Financial Metrics
Key Facts
- Accelerant entered a definitive agreement to be acquired by Thoma Bravo for $20.25 per share in cash, a 49% premium to the August 12, 2026 closing price.
- Enterprise value of the transaction is more than $4 billion.
- Entities affiliated with Altamont Capital Partners, holding ~82% of outstanding voting rights, have agreed to vote in favor of the transaction.
- Q2 2026 adjusted EPS was $0.32, beating consensus of $0.16 by 96.3%.
- Q2 2026 total revenues were $356.9M, up 62.9% YoY from $219.1M.
- Exchange Written Premium grew 23% YoY to $1.32 billion.
- Adjusted EBITDA was $93.1M, up 46.4% YoY from $63.6M.
- The company repurchased 4,725,968 Class A shares for $66 million in Q2.
- Guidance for Q3 and full year 2026 was withdrawn due to the pending transaction.
- The transaction is not subject to a financing condition; Thoma Bravo has provided an equity commitment.
- Closing is expected in the first half of 2027, subject to shareholder and regulatory approvals.
Financial Impact
Shareholders to receive $20.25 per share in cash, representing a 49% premium. Enterprise value exceeds $4 billion.
Risk Factors
- Regulatory approval delays from insurance regulators could push closing beyond H1 2027.
- Shareholder litigation or a competing bid could disrupt the transaction.
- The ticking fee only applies under specific circumstances of regulatory delay, not general deal delays.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-347925 |
| Document: d286225d8k.htm | 0001193125-26-347925 |
| Document: d286225dex992.htm | 0001193125-26-347925 |
| Document: 0001193125-26-347925-index-headers.html | 0001193125-26-347925 |
| Document: 0001193125-26-347925-index.html | 0001193125-26-347925 |
| Document: 0001193125-26-347925.txt | 0001193125-26-347925 |
| 8-K Data (Synthetic) | 0001193125-26-347925 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | DEFA14A / 8-K | $19.58 $19.83 | ▲ +1.28% | ▲ +3.27% | $19.73 (+0.77%) |
Aug 14, 2026 7w ago | Insider Cluster | $19.58 $19.83 | ▼ −1.28% | ▼ −3.27% | $19.73 (−0.77%) |
Aug 13, 2026 7w ago | DEFA14A | $19.51 $19.84 | ▲ +1.69% | ▲ +3.44% | $19.73 (+1.13%) |
Aug 13, 2026 7w ago | 8-K | $19.51 $19.84 | ▲ +1.69% | ▲ +3.44% | $19.73 (+1.13%) |
Aug 12, 2026 7w ago | Insider Cluster | $13.61 $19.84 | ▲ +45.78% | ▲ +47.67% | $19.73 (+44.97%) |
Aug 5, 2026 8w ago | Insider Cluster | $12.26 $19.70 | ▼ −60.69% | ▼ −61.29% | $19.73 (−60.93%) |
Jul 29, 2026 9w ago | Insider Cluster | $11.20 $19.69 | ▲ +75.80% | ▲ +71.84% | $19.73 (+76.16%) |
Jul 29, 2026 9w ago | Insider Cluster | $12.40 $19.67 | ▲ +58.63% | ▲ +53.61% | $19.73 (+59.11%) |
Jul 28, 2026 9w ago | Insider Cluster | $14.72 $19.67 | ▼ −33.63% | ▼ −30.25% | $19.73 (−34.04%) |
Jul 24, 2026 10w ago | 144 | $14.23 $19.59 | ▼ −37.67% | ▼ −34.04% | $19.73 (−38.65%) |
US Market Status
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