M&A Deal Summary

Donegal Group Acquires Michigan Insurance

On July 16, 2010, Donegal Group acquired insurance company Michigan Insurance for 39M USD

Acquisition Highlights
  • This is Donegal Group’s 4th transaction in the Insurance sector.
  • This is Donegal Group’s largest (disclosed) transaction.
  • This is Donegal Group’s 4th transaction in the United States.
  • This is Donegal Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2010-07-16
Target Michigan Insurance
Sector Insurance
Buyer(s) Donegal Group
Deal Type Divestiture
Deal Value 39M USD

Target

Michigan Insurance

Grand Rapids, Michigan, United States
website
Michigan Insurance Co. writes various lines of property and casualty insurance exclusively in the State of Michigan. Michigan Insurance Company’s headquarters are in Grand Rapids, Michigan.

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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 4 of 4
Sector (Insurance) 4 of 4
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-02 Sheboygan Falls Insurance

Sheboygan Falls, Wisconsin, United States

Sheboygan Falls Insurance Co. is an underwrites a broad line of personal lines products, including auto, homeowners, dwelling fire and umbrella coverages.

Buy $12M
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