Acquisition History / Octave Specialty Group, Inc. (formerly Ambac) / ArmadaCorp Capital, LLC (Armada Global)
Octave Specialty Group, Inc. (formerly Ambac) Acquires ArmadaCorp Capital, LLC (Armada Global)
Announced October 31, 2025 — $250M
What happened
Octave Specialty Group acquired ArmadaCorp Capital, which does business as Armada Global, under a membership interest purchase agreement dated October 31, 2025. The deal closed January 6, 2026 for total consideration of approximately $250.0M in cash, financed in part with $120.0M of borrowings.
- Target
- ArmadaCorp Capital, LLC (Armada Global)
- Announced
- October 31, 2025
- Price
- $250M
- Industry
- Specialty insurance distribution
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Octave Specialty Group, Inc. (formerly Ambac) acquire ArmadaCorp Capital, LLC (Armada Global)?
Octave Specialty Group, Inc. (formerly Ambac) acquired ArmadaCorp Capital, LLC (Armada Global) on October 31, 2025. This was Octave Specialty Group, Inc. (formerly Ambac)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Octave Specialty Group, Inc. (formerly Ambac) pay for ArmadaCorp Capital, LLC (Armada Global)?
Octave Specialty Group, Inc. (formerly Ambac) paid $250M for ArmadaCorp Capital, LLC (Armada Global).
What does ArmadaCorp Capital, LLC (Armada Global) do?
Octave Specialty Group acquired ArmadaCorp Capital, which does business as Armada Global, under a membership interest purchase agreement dated October 31, 2025. The deal closed January 6, 2026 for total consideration of approximately $250.0M in cash, financed in part with $120.0M of borrowings.
What other Specialty insurance distribution companies has Octave Specialty Group, Inc. (formerly Ambac) acquired?
ArmadaCorp Capital, LLC (Armada Global) is Octave Specialty Group, Inc. (formerly Ambac)'s only publicly tracked acquisition in Specialty insurance distribution so far.