M&A Deal Summary

Securian Financial Group Acquires Securian Canada

On November 1, 2016, Securian Financial Group acquired insurance company Securian Canada

Acquisition Highlights
  • This is Securian Financial Group’s 2nd transaction in the Insurance sector.
  • This is Securian Financial Group’s 3rd transaction in Canada.
  • This is Securian Financial Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-11-01
Target Securian Canada
Sector Insurance
Buyer(s) Securian Financial Group
Deal Type Add-on Acquisition

Target

Securian Canada

Toronto, Ontario, Canada
website
Securian Canada is a provider of life-ready insurance and protection solutions designed to help provide financial security in the Canadian Financial Institution and Association & Affinity markets. Securian Canada is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Securian Financial Group

St. Paul, Minnesota, United States

website

Category Company
Founded 1880
Sector Financial Services
Employees6,400
DESCRIPTION
Securian's corporate headquarters in St. Paul, Minnesota.
Securian's corporate headquarters in St. Paul, Minnesota.

Securian Financial Group is a diversified financial services company offering insurance, investments, and retirement plans and services to individuals and businesses. Securian was established in 1880 and is headquartered in St. Paul, Minnesota.

DEAL STATS #
Overall 4 of 6
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Ontario) 1 of 2
Country (Canada) 3 of 4
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Selient

Montreal, Quebec, Canada

Selient, Inc. provides financial institutions with Internet-delivered lending software via the Software As A Service (SaaS) model. The Company's offerings include ProLender, a consumer loan origination system; ProLender Business Edition, a commercial and agricultural lending system and Decision Assistant(TM), a credit risk decisioning tool.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Grove Point

Rockville, Maryland, United States

Grove Point is an independent wealth management firm that serves approximately 400 independent financial professionals with $15 billion in client assets. Grove Point was formed in 1984 and is based in Rockville, Maryland.

Sell -
Mergr

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