M&A Deal Summary

Assurant Acquires American Memorial Life Insurance

On July 27, 2000, Assurant acquired insurance company American Memorial Life Insurance from Service International for 200M USD

Acquisition Highlights
  • This is Assurant’s 1st transaction in the Insurance sector.
  • This is Assurant’s 3rd largest (disclosed) transaction.
  • This is Assurant’s 2nd transaction in the United States.
  • This is Assurant’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2000-07-27
Target American Memorial Life Insurance
Sector Insurance
Buyer(s) Assurant
Sellers(s) Service International
Deal Type Divestiture
Deal Value 200M USD

Target

American Memorial Life Insurance

Rapid City, South Dakota, United States
American Memorial Life Insurance Co. is a provider of prearranged funeral insurance company.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 2 of 17
Sector (Insurance) 1 of 6
Type (Divestiture) 1 of 6
State (South Dakota) 1 of 1
Country (United States) 2 of 14
Year (2000) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1980-01-01 Interfinancial

New York, New York, United States

Interfinancial, Inc. is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Safeco Financial Institution Solutions

Santa Ana, California, United States

Safeco Financial Institution Solutions, Inc. is a provider of creditor-placed homeowners insurance and direct tracking services for mortgage lenders and servicers nationwide.

Buy -

Seller(S) 1

SELLER

Service International

Houston, Texas, United States

website

Category Company
Founded 1962
Sector Consumer Services
Employees16,503
Revenue 4.1B USD (2022)
DESCRIPTION
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.

Service Corporation International (SCI) is a provider of deathcare products and services. Service Corporation owns and operates 1,595 funeral homes and 477 cemeteries (of which 262 are combination locations) in 43 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Service Corporation International was founded in 1962 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 8
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 8
State (South Dakota) 1 of 1
Country (United States) 1 of 7
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-01 Dignity

West Midlands, United Kingdom

At Dignity we are funeral people – it's all we do. We strive to set the highest standards for the funeral profession in terms of client service and care for the deceased.

Sell -
Mergr

Product

Company

Legal