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
website
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

website


Category Company
Founded 1986
Sector Insurance
Revenue 816M USD (2021)
DESCRIPTION

Donegal Group is an insurance holding company consisting primarily of Donegal Mutual, a mutual insurance company located in Marietta, Pennsylvania. Donegal Mutual underwrites a broad line of personal and commercial insurance coverages. Donegal Mutual owns approximately 73% of the voting control of Donegal Group Inc., an insurance holding company. Donegal Mutual and the insurance subsidiaries of Donegal Group Inc. conduct property and casualty insurance business together as the Donegal Insurance Group. 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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