M&A Deal Summary

Southlake Specialty Acquires Nevada General Insurance

On February 6, 2024, Southlake Specialty acquired insurance company Nevada General Insurance from Western National Mutual Insurance

Acquisition Highlights
  • This is Southlake Specialty’s 1st transaction in the Insurance sector.
  • This is Southlake Specialty’s 1st transaction in the United States.
  • This is Southlake Specialty’s 1st transaction in Nevada.

M&A Deal Summary

Date 2024-02-06
Target Nevada General Insurance
Sector Insurance
Buyer(s) Southlake Specialty
Sellers(s) Western National Mutual Insurance
Deal Type Divestiture

Target

Nevada General Insurance

Carson City, Nevada, United States
website
Nevada General Insurance is a regional specialty vehicle insurance carrier writing business through independent agents in Nevada, New Mexico and Arizona. Nevada General Insurance is based in Carson City, Nevada.

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Buyer(S) 1

Buyer

Southlake Specialty

Westlake, Texas, United States

website


Category Company
Sector Insurance
DESCRIPTION

Southlake Specialty is an insurance company that specializes in the program business and insurance fronting space of property and casualty insurance. Southlake Specialty is based in Westlake, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Western National Mutual Insurance

Edina, Minnesota, United States

website


Category Company
Sector Insurance
DESCRIPTION

Western National Mutual Insurance Co. is a super-regional property-and-casualty insurance group writing over $520 million in Direct Premium in 19 states, plus surety in an additional 7 states.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Divestiture) 3 of 3
State (Nevada) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Western Home

Edina, Minnesota, United States

Western Home provides a full range of insurance services.

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