Accelerant Holdings (NYSE: ARX) announced on September 23, 2026, that the 40-day “go-shop” period established under its previously announced merger agreement has expired. The go-shop period concluded at one minute prior to 12:00 a.m. Eastern time on September 22, 2026.
Under the terms of the definitive Agreement and Plan of Merger, dated August 13, 2026, Accelerant was permitted to solicit and engage in negotiations with third parties regarding alternative acquisition proposals. The company reports that it did not receive any alternative acquisition proposals from third parties during this window.
The transaction involves Cherry Tree BidCo and Cherry Tree Merger Sub, both Cayman Islands exempted companies, merging with and into Accelerant. The surviving entity will become a wholly owned subsidiary of the Parent. Parent and Merger Sub are affiliates of Thoma Bravo Discover Fund V, L.P., an investment fund managed by Thoma Bravo.
According to the filing, the transaction is valued at an enterprise value of more than $4 billion and is an all-cash transaction. Accelerant intends to file a proxy statement with the Securities and Exchange Commission in connection with a special meeting of shareholders to approve the merger. Upon completion, Accelerant will become a private company, and its common shares will no longer be listed on the New York Stock Exchange. The company expects the transaction to close in the first half of 2027, subject to customary closing conditions, including shareholder approval and regulatory clearances.
