mergers and acquisitions News

Caliber Collision Centers Enters Denver Market

Caliber Collision Centers, an operator of collision repair facilities, announced the acquisition of three Hank’s Auto Body locations in the greater Denver market. Caliber’s three shop acquisition represents 80,000 square feet of collision repair facilities at 7880 Washington Street, 5022 …

Copart Acquires Salvage Parent, Inc.

Copart announced that it has acquired Salvage Parent, Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined, these businesses operate at thirty-nine locations in 14 states. Quad City Salvage Auction operates …

Southport Lane Completes Acquisition of Imperial Fire & Casualty

Southport Lane, a New York City-based private equity firm, announced completion of its acquisition of Louisiana-based Imperial Management Corporation along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Additional terms of the transaction were not disclosed. …

Caliber Collision Centers Acquires European Auto Body of Escondido

Caliber Collision Centers, an operator of collision repair facilities throughout the southwest, announced it has acquired European Auto Body of Escondido, Calif. “Caliber’s acquisition of European Auto Body of Escondido increases the number of San Diego locations to 13 as …

ACE Acquires Personal Lines Insurer ABA Seguros in Mexico

ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. With more than 50 …

AmTrust Financial Buys Sequoia Insurance for $60M

The insurer AmTrust Financial Services Inc. said Monday that it has completed its acquisition of Sequoia Insurance Co. for about $60 million. AmTrust said Sequoia provides low hazard property and casualty insurance, including workers’ compensation and commercial package insurance to …

Aquiline Capital Partners Completes Acquisition of Equity Insurance Group

Aquiline Capital Partners, a New York-based private equity firm focused on financial services, announced that it has completed its acquisition of leading specialist motor insurer Equity Insurance Group, comprised of motor insurer Equity Red Star and managing agency Equity Syndicate …

United Heritage Announces Stock Acquisition of Merced P&C Company

United Heritage Financial Group, Inc., based in Meridian, Idaho, and Merced Property & Casualty Company, headquartered in Atwater, Calif., announced that United Heritage Insurance has acquired over 94 percent of Merced’s stock issued today pursuant to a sponsored demutualization. ”United …

ACE Completes Acquisition of Mexican Surety Lines Company

ACE Limited has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. Mexico City-based Fianzas Monterrey is the nation’s second-largest surety lines writer and the third-largest in Latin America, …

Southport Lane Acquires Dallas National Insurance Company

Southport Lane, a New York-based private equity firm, completed its previously announced acquisition of Dallas National Insurance Company, a Texas-based property and casualty insurer specializing in general liability and workers’ compensation. Under the terms of the transaction, Southport Lane will …