Hanover Insurance Group - M&A Summary and Business Overview

InsuranceCompany

Hanover Insurance Group M&A Summary

Hanover Insurance Group has acquired 5 companies. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Hanover Insurance Group’s largest acquisition to date was in 2011, when it acquired Chaucer Holdings for $474M. Hanover Insurance Group has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include insurance (80%) and software (20%).

Hanover Insurance Group Business Overview

Where is Hanover Insurance Group headquartered?

Hanover Insurance Group is headquartered in Worcester, Massachusetts.

What is Hanover Insurance Group’s revenue?

Hanover Insurance Group disclosed revenue of 5,963M USD for 2023 and 5,433M USD for 2022.

How many employees does Hanover Insurance Group have?

Hanover Insurance Group has 4,800 employees.

What sector is Hanover Insurance Group in?

Hanover Insurance Group is an insurance company.

When was Hanover Insurance Group founded?

Hanover Insurance Group was founded in 1852.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Hanover Insurance Group

The Hanover Insurance Group, Inc.

440 Lincoln Street,
Worcester, Massachusetts 01653
United States,
(508) 855-1000
www.hanover.com

Hanover Insurance Group is a provider of wide range of innovative property and casualty products and services to businesses, individuals, and families through a select group of independent agents and brokers. Hanover Insurance Group was founded in 1852 and is based in Worcester, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $497M $497M
Sell (0.0/yr) # 2 - - - - - 2
  7

Most Recent M&A

Company Date Value Type
Chaucer Holdings PLC 2011-07-01 474M USD Add-on Acquisition
London, United Kingdom · www.chaucerplc.com
First Allmerica Financial Life Insurance Co., Inc. 2009-01-02 - Divestiture
Southborough, Massachusetts
AIX Holdings, Inc. 2008-08-06 - Add-on Acquisition
Windsor, Connecticut
AMGRO, Inc. 2008-03-26 - Divestiture
Worcester, Massachusetts · www.amgro.com
Verlan Holdings, Inc. 2008-01-14 - Add-on Acquisition
Silver Spring, Maryland
Professionals Direct, Inc. 2007-09-12 23M USD Add-on Acquisition
Grand Rapids, Michigan · www.professionalsdirect.com
Financial Planning, Inc. 1998-08-29 - Add-on Acquisition
Carlsbad, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Chaucer Holdings PLC 2011-07-01 Chaucer Holdings - UK Motor Business 2015-06-30 1
London, United Kingdom · www.chaucerplc.com , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (80%) 497M (100%) 1 (50%) -
Software 1 (20%) - - -
Financial Services - - 1 (50%) -
Total 5 $497M 2 -

By Geo

State/Country Buy Value Sell Value
United States 4 23M 2 -
  Massachusetts - - 2 -
  Maryland 1 - - -
  Connecticut 1 - - -
  California 1 - - -
  Michigan 1 23M - -
United Kingdom 1 474M - -
Domestic 4 (80%) 23M (5%) 2 (100%) -
Cross-border 1 (20%) 474M (95%) - -
Total 5 $497M 2 -

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
1

Deal Values

buy # Total
$100M to $1B 1 $474M
< $100M 1 $23M
TOTAL $497M
Largest Chaucer Holdings PLC
$474M (2011-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
2 (100%)

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