M&A Deal Summary

Assurant Acquires Green Tree Insurance Agency

On January 4, 2017, Assurant acquired insurance company Green Tree Insurance Agency from Walter Investment Management for 125M USD

Acquisition Highlights
  • This is Assurant’s 4th transaction in the Insurance sector.
  • This is Assurant’s 5th largest (disclosed) transaction.
  • This is Assurant’s 8th transaction in the United States.
  • This is Assurant’s 1st transaction in Idaho.

M&A Deal Summary

Date 2017-01-04
Target Green Tree Insurance Agency
Sector Insurance
Buyer(s) Assurant
Sellers(s) Walter Investment Management
Deal Type Divestiture
Deal Value 125M USD

Target

Green Tree Insurance Agency

Idaho, United States
Green Tree Insurance Agency, Inc. is a provider of insurance products and services.

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Buyer(S) 1

Buyer

Assurant

New York, New York, United States

website


Category Company
Founded 1892
Sector Insurance
Employees13,700
Revenue 10.2B USD (2022)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in New York City.


DEAL STATS #
Overall 9 of 17
Sector (Insurance) 4 of 6
Type (Divestiture) 6 of 6
State (Idaho) 1 of 1
Country (United States) 8 of 14
Year (2017) 1 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 American Title

Omaha, Nebraska, United States

American Title, Inc. is a provider of title and valuation services for home equity lenders.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Olivar

Gyeonggi-do, South Korea

Olivar is a provider of mobile device lifecycle management and asset disposition in South Korea. Olivar is based in Gyeonggi-do, South Korea.

Buy -

Seller(S) 1

SELLER

Walter Investment Management

Tampa, Florida, United States

website


Category Company
Founded 1958
Sector Financial Services
Employees6,400
Revenue 473M USD (2012)
DESCRIPTION

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. The company offers residential loan services that focuses on credit-sensitive residential and reverse mortgages; and provides a suite of services to the reverse mortgage sector, including servicing, sub-servicing, loan origination, asset management, and related technology. It also owns a mortgage portfolio of credit-challenged, non-conforming residential loans and reverse mortgage loans, as well as operates an insurance agency serving residential loan customers. The company was founded in 1958 and is based in Tampa, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Reverse Mortgage Solutions

Spring, Texas, United States

Reverse Mortgage Solutions, Inc. is a provider of reverse mortgage loan servicing, sub-servicing, and loan origination software.

Buy -