M&A Deal Summary

Donegal Group Acquires Le Mars Insurance Company

On September 4, 2003, Donegal Group acquired insurance company Le Mars Insurance Company for 23M USD

Acquisition Highlights
  • This is Donegal Group’s 1st transaction in the Insurance sector.
  • This is Donegal Group’s 2nd largest (disclosed) transaction.
  • This is Donegal Group’s 1st transaction in the United States.
  • This is Donegal Group’s 1st transaction in Iowa.

M&A Deal Summary
Date 2003-09-04
Target Le Mars Insurance Company
Sector Insurance
Buyer(s) Donegal Group
Deal Type Add-on Acquisition
Deal Value 23M USD

Target

Le Mars Insurance Company

Le Mars, Iowa, United States
Le Mars Insurance Company offers personel & commercial insurance products and services.

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Buyer(S) 1

Buyer

Donegal Group

Marietta, Pennsylvania, United States
Category Company
Founded 1986
Sector Insurance
Revenue 927M USD (2023)
DESCRIPTION

Donegal Group provides property and casualty insurance to businesses and individuals. It operates through three segments: investment function, personal lines of insurance, and commercial lines of Insurance. Donegal Group was founded in 1986 and is based in Marietta, Pennsylvania.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Iowa) 1 of 1
Country (United States) 1 of 4
Year (2003) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-22 Conestoga Title Insurance

Lancaster, Pennsylvania, United States

Conestoga Title Insurance Co., Inc. is a provider of title insurance services for the real estate, legal, and financial communities. Conestoga Title Insurance Co., Inc. was founded in 1954 and is based in Lancaster, Pennsylvania.

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