Griffin Highline Capital LLC submitted a preliminary non-binding indication of interest to acquire Kingstone Companies, Inc. from Gregory Fortunoff, Lisa Fortunoff and others.
May 03, 2022
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Griffin Highline Capital LLC submitted a preliminary non-binding indication of interest to acquire Kingstone Companies, Inc. (NasdaqCM:KINS) from Gregory Fortunoff, Lisa Fortunoff and others on May 4, 2022. The purchase price for the proposed transaction would be funded with fully committed equity, and the parties would expect to work with Kingstone Companies, Inc. in refinancing any third party debt financing that becomes due as a result of the consummation of the transaction. TigerRisk Capital Markets & Advisory acted as advisor to Kingstone Board of Directors.
Kingstone Companies, Inc., through its wholly owned subsidiary, Kingstone Insurance Company, operates as a property and casualty insurance company. The Company's property insurance covers the financial consequences of accidental losses to the insured's property, such as a home and the personal property in it, or a business owner's building, inventory and equipment. Casualty insurance (also referred to as liability insurance) covers the financial consequences related to the legal liability of an individual or an organization resulting from negligent acts and omissions that cause bodily injury and/or property damage to a third party. The Company's product lines include personal lines, livery physical damage, and other. Its personal lines consist of homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. The Company writes for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs.
Griffin Highline Capital LLC submitted a preliminary non-binding indication of interest to acquire Kingstone Companies, Inc. from Gregory Fortunoff, Lisa Fortunoff and others.
KINGSTONE COMPANIES, INC. 
