M&A Deal Summary

Kemper Acquires Infinity Property and Casualty

On February 13, 2018, Kemper Corp. acquired insurance company Infinity Property and Casualty Corp. for 1.4B USD

Acquisition Highlights
  • This is Kemper’s 8th transaction in the Insurance sector.
  • This is Kemper’s 1st largest (disclosed) transaction.
  • This is Kemper’s 11th transaction in the United States.
  • This is Kemper’s 2nd transaction in Alabama.

M&A Deal Summary

Date 2018-02-13
Target Infinity Property and Casualty Corp.
Sector Insurance
Buyer(s) Kemper Corp.
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Keating Muething & Klekamp PLL (Legal)

Target

Infinity Property and Casualty Corp.

Birmingham, Alabama, United States
website
Infinity Property and Casualty Corp. is a provider of personal automobile insurance with a concentration on nonstandard auto insurance. Its products are offered through a network of approximately 12,500 independent agencies and brokers. Infinity Property and Casualty was founded in 2002 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Kemper Corp.

Chicago, Illinois, United States

website


Category Company
Founded 1990
SectorInsurance
Employees9,500
Revenue 5.2B USD (2020)
DESCRIPTION

Kemper is a diversified insurance holding company with subsidiaries that provide an array of products to the individual and small business market. Kemper was formed in 1990 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 12
Sector (Insurance) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (Alabama) 2 of 2
Country (United States) 11 of 12
Year (2018) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-23 Datamyne, Inc.

Miami, Florida, United States

Datamyne, Inc. is a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.

Sell $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Adler Hot Oil Services LLC

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Sell -