JERSEY CITY, NJ – (COMMERCIAL THREAD) – Buckle, a technology-based inclusive financial services company, is a recipient of M&A Advisor’s 15e Annual turnaround awards. The company was recognized in the Financial Transaction of the Year category for its acquisition of Gateway Insurance Company. Buckle received his award at the Turnaround Awards Gala, held at the Distressed Investing Summit 2021 on September 29, 2021 in Midtown Manhattan.
“The prestigious Turnaround Awards are the benchmark for excellence in restructuring, recognizing the major troubled M&A deals of the year, restructurings, refinancings, turnarounds and negotiators,” said Marty Young, co- founder and CEO of Buckle. “Buckle is thrilled to be honored among a team of award-winning lawyers and professionals who have achieved the unimaginable in the property and casualty insurance industry. We are also honored to be part of the prestigious list of other Turnaround Award winners who advance the industry.
Oscar Pinkas, NY Chair of Restructuring & Member of Corporate and Finance Practices at global law firm Greenberg Traurig, LLP, led Buckle’s legal effort on the Gateway acquisition. Greenberg Traurig lawyers were winners of the Turnaround Award in two other categories.
Dentons US and the Illinois Department of Insurance were also named in the award as a member of the Buckle team.
Buckle announced the acquisition and recapitalization of Gateway, including its 47 state insurance licenses in 2020. Gateway was previously an indirect subsidiary of Atlas Financial Holdings, Inc. (Atlas), providing auto insurance to the market light commercial vehicles in the United States.
After acquiring and recapitalizing Gateway, Buckle began supporting the Atlas 100% -owned General Management Agency (MGA), Anchor Group Management, Inc. (AGMI). Partnering with Atlas, Buckle provides comprehensive, affordable insurance to the commercial auto market, providing protection for black car taxi and limousine drivers, many of whom drive for Lyft and Uber. Through Gateway, Buckle also writes its signature auto insurance product, as well as non-standard auto insurance products through other MGA partnerships.
The company recently closed a $ 60 million financing to expand its comprehensive insurance platform in the United States, which will help it pursue its goal of offering solutions to help bring financial security to the nation. rising middle class and odd-job economy.
“The winners represent the best of the struggling investment and reorganization industry over the past year,” said Roger Aguinaldo, Founder of The M&A Advisor. “We are in an environment that has seen entire industries, such as retail, restaurants, entertainment and hospitality, experience the effects of depression. Still, these professionals have helped businesses through these difficult times. We recognize those leading transactions, companies and individuals who represent the highest levels of performance. ”
The winners were selected from hundreds of nominations by leading experts in the M&A, finance and turnaround community.
For more information on the 15th edition of the M&A Advisor Turnaround Awards, visit: https://events.maadvisor.com/DITA#/turnaroundawards.
About the loop
Buckle is the inclusive digital financial services company serving the rising middle class and providers in the junk economy. Using a portfolio of technologies and data sources, Buckle provides insurance and credit products to those who earn less than the average U.S. salary and are subsequently penalized for having poor or no credit. Connect with Buckle on Facebook, Twitter and LinkedIn. Visit www.buckleup.com.
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