Flock Acquired by Admiral Group | Financial Services M&A Deal

Admiral Group has completed the acquisition of Flock, a payments processing business in the UK, for $67,172.10. Flock provides fleet insurance-related telematics and payment processing capabilities that support underwriting and claims workflows for vehicle operators. Admiral Group acquisitions in financial services M&A aim to strengthen add on acquisition integration across fleet risk management and payment flows in the same market. The Flock acquisition is an add on acquisition under a strategic acquisition approach, with deal size reported in the $50M–$100M range and status listed as closed.