August 6, 2026
For Immediate Release,
NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Federated Mutual Insurance Company (“Federated”), a leading Minnesota-based commercial lines mutual insurer, has entered into a definitive agreement to acquire High Definition Vehicle Insurance, Inc. (“HDVI”). HDVI is a technology-driven managing general agency focused on commercial trucking and fleet insurance. Following the transaction, HDVI will join the Federated family of companies while continuing to operate as a distinct entity. Its telematics capabilities and data-based underwriting platform will expand Federated’s presence in commercial auto insurance.
Federated is rated “A+” by AM Best, is a Fortune 750 company and has ~$16 billion of assets and ~$7 billion of capital and surplus.
Stonybrook served as Federated’s exclusive buy-side financial advisor in connection with the transaction, building on a 14-year trading relationship spanning more than a half dozen different completed transactions, including various surplus note investments and Federated’s most recent acquisition, Granite Re, Inc. Stonybrook is Federated’s exclusive valuation consultant on various assets in the context of its annual audit, and Federated has invested in IA Capital’s three most recent InsurTech funds, for which Stonybrook served as the exclusive placement agent. The engagement also reflects Stonybrook’s continued growth, including the addition of Matt Mosher, former Global CEO of AM Best, and Peter McGuire, an ambassador to the United Nations, to its board of directors and as equity investors.
Michael Keller, EVP, CFO, and board member of Federated, commented:
“HDVI’s telematics and data-driven underwriting capabilities will strengthen Federated’s commercial auto platform and support our long-term growth strategy. We appreciate Stonybrook’s guidance and partnership in identifying the opportunity and then in executing the transaction.”
Joe Scheerer, Chairman and CEO, Stonybrook:
“I could not be prouder and more honored of our relationship with Federated. Federated has been a valued client of Stonybrook for many years, and we are honored to have advised the company on this transaction. We look forward to continuing our work with Federated as it builds on its strong foundation and advances its strategic objectives. We appreciate and value this partnership and trading relationship.”
Patrick McFall, Managing Director, Stonybrook:
“Stonybrook is built on long term relationships with high quality partners. We are proud to have advised Federated on this transaction and look forward to supporting the company as it continues to grow.”
About Stonybrook Capital & Risk Management:
Stonybrook is a global, specialist investment banking and reinsurance broking firm focused exclusively on the insurance industry. Our independent advice is grounded in deep industry knowledge across long-term trends, strategy, products and capital structures. We advise insurers, reinsurers, distributors, asset managers and institutional investors, offering insights shaped by extensive experience, industry relationships and a track record of successful outcomes.
Stonybrook, coming up on its 15th anniversary since its founding, recently moved to spectacular Class A office space on Park Avenue at 41st Street. Stonybrook is the first and only investment bank member of NAMIC, a market leader in surplus note and other hybrid capital placements, and the #1 InsurTech placement agent in the United States and Europe. The firm also has professionals on the ground in London and Bermuda.
Corporate Contact:
Kendel Bell
[email protected]
Securities transactions are executed through Weild &; Co., member FINRA | SIPC