Add-on Acquisition • Business Services

CNO Financial Group Acquires Inter-State Service

On June 3, 1999, CNO Financial Group acquired business services company Inter-State Service

Acquisition Context
  • This is CNO Financial Group’s 1st transaction in the Business Services sector.
  • This is CNO Financial Group’s 5th transaction in the United States.
  • This is CNO Financial Group’s 1st transaction in Kansas.

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M&A Deal Summary

Date June 3, 1999
Target Inter-State Service
Sector Business Services
Buyer(s) CNO Financial Group
Deal Type Add-on Acquisition

Target Company

Inter-State Service

Overland Park, Kansas, United States
Inter-State Service, Inc. is a focuses on sales to farmers and ranchers throughout the Midwestern United States.
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Buyer Overview 1

Buyer

CNO Financial Group

Carmel, Indiana, United States

Category Company
Founded 1979
Sector Insurance
Employees3,500
Revenue 4.4B USD (2024)
DESCRIPTION
CNO Financial's corporate headquarters in Carmel, Indiana.
CNO Financial's corporate headquarters in Carmel, Indiana.

CNO Financial Group develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets. CNO Financial was incorporated in 1979 and is based in Carmel, Indiana.


Deal Context for Buyer #
Overall 5 of 7
Sector: Business Services 1 of 2
Type: Add-on Acquisition 4 of 6
State: Kansas 1 of 1
Country: United States 5 of 7
Year: 1999 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-03 Consolidated Marketing Group

New Port Richey, Florida, United States

Consolidated Marketing Group is a markets products nationwide, specializing in work site marketing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Web Benefits Design

Orlando, Florida, United States

Web Benefits Design Corp. is a national employee benefits technology, communication, and administration firm. WBD works with companies of all sizes to develop employee benefit solutions on the cutting edge of technology and value. WBD's core solutions include online enrollment, COBRA, ACA reporting, telephonic enrollment, dependent documentation management, insurance carrier and payroll connectivity. Web Benefits Design Corp. was founded in 2001 and is based in Orlando, Florida.

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