M&A Deal Summary

IPFS Acquires Universal Acceptance

On January 5, 2010, IPFS acquired financial services company Universal Acceptance

Acquisition Highlights
  • This is IPFS’s 4th transaction in the Financial Services sector.
  • This is IPFS’s 5th transaction in the United States.
  • This is IPFS’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2010-01-05
Target Universal Acceptance
Sector Financial Services
Buyer(s) IPFS
Deal Type Add-on Acquisition

Target

Universal Acceptance

Edina, Minnesota, United States
website
Universal Acceptance Corporation provides auto finance services for people with bad credit in the United States.

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Buyer(S) 1

Buyer

IPFS

Kansas City, Missouri, United States

website


Category Company
Founded 1977
Sector Financial Services
DESCRIPTION

IPFS Corp. offers property and casualty insurance agents and brokers financing options for their customers' insurance premiums.


DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 5 of 5
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-30 Universal Premium Acceptance

Lenexa, Kansas, United States

Universal Premium Acceptance Corp. is an insurance premium finance company specializing in providing short-term collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. UPAC is one of the top ten insurance premium finance companies in the United States.

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