M&A Deal Summary

Assurant Specialty Property Acquires Field Asset Services

On October 1, 2013, Assurant Specialty Property acquired financial services company Field Asset Services from FirstService for 55M USD

Acquisition Highlights
  • This is Assurant Specialty Property’s 1st transaction in the Financial Services sector.
  • This is Assurant Specialty Property’s largest (disclosed) transaction.
  • This is Assurant Specialty Property’s 1st transaction in the United States.
  • This is Assurant Specialty Property’s 1st transaction in Texas.

M&A Deal Summary
Date 2013-10-01
Target Field Asset Services
Sector Financial Services
Buyer(s) Assurant Specialty Property
Sellers(s) FirstService
Deal Type Divestiture
Deal Value 55M USD

Target

Field Asset Services

Austin, Texas, United States
website
Field Asset Services works with more than 25 mortgage servicing, asset management and investor clients and provides comprehensive property services through a nationwide network of contractor resources.

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Buyer(S) 1

Buyer

Assurant Specialty Property

Atlanta, Georgia, United States

website

Category Company
Sector Insurance
DESCRIPTION

Assurant Specialty Property partners with industry leaders in mortgage lending, manufactured housing, renter's insurance and other niche insurance markets to protect client and consumer property.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 American Reliable Insurance

Scottsdale, Arizona, United States

American Reliable Insurance writes specialty personal lines and agricultural property and casualty insurance through a network of general and independent agents. Company product lines include manufactured housing, watercraft, recreational vehicles, farm and ranch, and federal flood insurance.

Sell $114M

Seller(S) 1

SELLER

FirstService

Toronto, Ontario, Canada

website

Category Company
Founded 1989
Sector Real Estate
Employees27,000
Revenue 3.7B USD (2022)
DESCRIPTION

FirstService is real estate services company. FirstService manages residential and commercial properties through three service platforms: Colliers International, one of the largest global players in commercial real estate services; FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations. FirstService was incorporated in 1989 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Colliers Seeley International

Los Angeles, California, United States

olliers Seeley is a commercial real estate services company in the Los Angeles region with a network of 138 brokers and 12 offices in Southern California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 Curry Association Management

Kansas City, Montana, United States

Curry Association Management, Inc. is a residential property management company.

Buy -
Mergr

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