Nationwide Mutual Insurance - M&A Summary and Business Overview

InsuranceCompany

Nationwide Mutual Insurance M&A Summary

Nationwide Mutual Insurance has acquired 9 companies, including 1 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 7 assets.

Nationwide Mutual Insurance’s largest acquisition to date was in 2012, when it acquired Harleysville Group for $834M. It’s largest disclosed sale occurred in 2006, when it sold The 401 Company to The Charles Schwab for $115M. Nationwide Mutual Insurance has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include financial services (40%) and insurance (40%).

Nationwide Mutual Insurance Business Overview

Where is Nationwide Mutual Insurance headquartered?

Nationwide Mutual Insurance is headquartered in Columbus, Ohio.

What sector is Nationwide Mutual Insurance in?

Nationwide Mutual Insurance is an insurance company.

When was Nationwide Mutual Insurance founded?

Nationwide Mutual Insurance was founded in 1925.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity5
    • M&A Sell Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

Nationwide Mutual Insurance Co., Inc.

One Nationwide Plaza,
Columbus, Ohio 43215
United States,
(614) 249-7111
www.nationwide.com

Nationwide is a diversified insurance and financial services organization that provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. Nationwide was formed in 1925 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $834M $834M
Sell (1.2/yr) # 1 - 2 4 - - 7
vol $115M $115M
  12

Most Recent M&A

Company Date Value Type
Rabon Insurance Agency 2022-04-26 - Divestiture
Monroe, North Carolina · www.rabonins.com
Ernie Yarborough Insurance Agency 2022-04-13 - Divestiture
Columbia, South Carolina
BAE LLC 2022-04-12 - Divestiture
Guilford, Connecticut · www.yerkesstephensins.com
Hodge Ethridge Insurance and Financial Services LLC 2022-01-26 - Divestiture
Florence, South Carolina · www.hodgeethridgeagency.com
Consultative Insurance Group, Inc. 2021-11-09 - Divestiture
Olmsted Falls, Ohio · www.consultativeinsurance.com
Parks Insurance Group 2021-03-17 - Divestiture
Charlotte, North Carolina · www.goparksins.com
E-Risk Services LLC 2019-01-03 - Add-on Acquisition
Flanders, New Jersey · www.eriskservices.com
Jefferson National Financial Corp. 2016-09-28 - Add-on Acquisition
Louisville, Kentucky · www.jeffnat.com
Harleysville Group, Inc. 2012-05-01 834M USD Add-on Acquisition
Harleysville, Pennsylvania · www.harleysvillegroup.com
The 401(k) Company 2006-12-22 115M USD Divestiture
Austin, Texas · www.401kaccess.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Titan Insurance Services, Inc.    - Titan Insurance Assets 2015-04-27 1
West Jordan, Utah , United States
Titan Auto Insurance of New Mexico, Inc.    - Titan Auto Insurance of New Mexico Assets 2015-04-27 1
Albuquerque, New Mexico , United States

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 2 (40%) 834M (100%) 6 (86%) -
Financial Services 2 (40%) - 1 (14%) 115M (100%)
Healthcare Services 1 (20%) - - -
Total 5 $834M 7 $115M

By Geo

State/Country Buy Value Sell Value
United States 4 834M 7 115M
  South Carolina - - 2 -
  North Carolina - - 2 -
  Pennsylvania 1 834M - -
  New Jersey 1 - - -
  Maryland 1 - - -
  Kentucky 1 - - -
  Texas - - 1 115M
  Ohio - - 1 -
  Connecticut - - 1 -
United Kingdom 1 - - -
Domestic 4 (80%) 834M (100%) 7 (100%) 115M (100%)
Cross-border 1 (20%) - - -
Total 5 $834M 7 $115M

Top M&A Advisors

Financial Deals
BofA Securities
1
Deloitte
1
Legal Deals
Mayer Brown
1
Jones Day
1
Sutherland Asbill & Brennan LLP
1

Deal Values

buy # Total
$100M to $1B 1 $834M
TOTAL $834M
Largest Harleysville Group, Inc.
$834M (2012-05-01)
sell # Total
$100M to $1B 1 $115M
TOTAL $115M
Largest The 401(k) Company
$115M (2006-12-22)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
7 (100%)

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