M&A Deal Summary

Biglari Acquires McGraw Insurance

On May 25, 2017, Biglari acquired insurance company McGraw Insurance for 300M USD

Acquisition Highlights
  • This is Biglari’s 4th transaction in the Insurance sector.
  • This is Biglari’s 2nd largest (disclosed) transaction.
  • This is Biglari’s 6th transaction in the United States.
  • This is Biglari’s 2nd transaction in California.

M&A Deal Summary

Date 2017-05-25
Target McGraw Insurance
Sector Insurance
Buyer(s) Biglari
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

McGraw Insurance

Anaheim, California, United States
McGraw Insurance, Inc. is a provider of motorcycle, personal watercraft and residential property insurance. McGraw Insurance is based in Anaheim, California.

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Buyer(S) 1

Buyer

Biglari

San Antonio, Texas, United States

website


Category Company
Founded 1934
Sector Diversified
Employees2,559
Revenue 368M USD (2022)
DESCRIPTION

Biglari is a holding company owning subsidiaries engaged in a number of diverse business activities, including media, property and casualty insurance, and restaurants. The Company’s largest operating subsidiaries are involved in the franchising and operating of restaurants. Biglari was incorporated in 1934 and is headquartered in San Antonio, Texas.


DEAL STATS #
Overall 6 of 6
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 6 of 6
Year (2017) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Pacific Specialty Insurance

Menlo Park, California, United States

Pacific Specialty Insurance Co. is a provider of insurance services to individuals and small-business owners with specialty and general policies featuring homeowners insurance, personal lines and powersports insurance.

Buy $300M