M&A Deal Summary

HRG Group Acquires U.S. Life Holdings

On March 7, 2011, HRG Group acquired insurance company U.S. Life Holdings from OM Group for 350M USD

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

M&A Deal Summary
Date 2011-03-07
Target U.S. Life Holdings
Sector Insurance
Buyer(s) HRG Group
Sellers(s) OM Group
Deal Type Divestiture
Deal Value 350M USD

Target

U.S. Life Holdings

United States
U.S. Life, through its insurance subsidiaries, is a provider of fixed annuity and life insurance products, with approximately 800,000 policyholders in the U.S. and a distribution network of approximately 300 independent marketing organizations representing approximately 24,000 agents nationwide.

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Buyer(S) 1

Buyer

HRG Group

New York, New York, United States

website

Category Company
Founded 1954
Sector Diversified
Employees15,936
Revenue 5.8B USD (2015)
DESCRIPTION

HRG Group, Inc. is a diversified holding company seeking to acquire and to grow attractive businesses that generate sustainable free cash flow. The company operates in Consumer Products, Insurance, Energy, and Financial Services. HRG Group was founded in 1954 and is based in New York.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

OM Group

London, United Kingdom
Category Company
Founded 1998
Sector Insurance
DESCRIPTION

OM Group (UK) Ltd. engages in the services of insurance products.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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