Nationwide Mutual Insurance Mergers and Acquisitions Summary

InsuranceCompany

Nationwide Mutual Insurance has acquired 9 companies, including 1 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 7 assets.

Nationwide Mutual Insurance’s largest acquisition to date was in 2012, when it acquired Harleysville Group for $834M. It’s largest disclosed sale occurred in 2006, when it sold The 401 Company to The Charles Schwab for $115M. Nationwide Mutual Insurance has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include financial services (40%) and insurance (40%).

Join Mergr and gain access to Nationwide Mutual Insurance’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity5
    • M&A Sell Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

Nationwide Mutual Insurance Co., Inc.

One Nationwide Plaza,
Columbus, Ohio 43215
United States,
(614) 249-7111
www.nationwide.com

Nationwide is a diversified insurance and financial services organization that provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. Nationwide was formed in 1925 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $834M $834M
Sell (1.2/yr) # 1 - - 2 4 - 7
vol $115M $115M
  12

Most Recent M&A

Company Date Value Type
Rabon Insurance Agency 2022-04-26 - Divestiture
Monroe, North Carolina · www.rabonins.com
Ernie Yarborough Insurance Agency 2022-04-13 - Divestiture
Columbia, South Carolina
BAE LLC 2022-04-12 - Divestiture
Guilford, Connecticut · www.yerkesstephensins.com
Hodge Ethridge Insurance and Financial Services LLC 2022-01-26 - Divestiture
Florence, South Carolina · www.hodgeethridgeagency.com
Consultative Insurance Group, Inc. 2021-11-09 - Divestiture
Olmsted Falls, Ohio · www.consultativeinsurance.com
Parks Insurance Group 2021-03-17 - Divestiture
Charlotte, North Carolina · www.goparksins.com
E-Risk Services LLC 2019-01-03 - Add-on Acquisition
Flanders, New Jersey · www.eriskservices.com
Jefferson National Financial Corp. 2016-09-28 - Add-on Acquisition
Louisville, Kentucky · www.jeffnat.com
Harleysville Group, Inc. 2012-05-01 834M USD Add-on Acquisition
Harleysville, Pennsylvania · www.harleysvillegroup.com
The 401(k) Company 2006-12-22 115M USD Divestiture
Austin, Texas · www.401kaccess.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Titan Insurance Services, Inc.    - Titan Insurance Assets 2015-04-27 1
West Jordan, Utah , United States
Titan Auto Insurance of New Mexico, Inc.    - Titan Auto Insurance of New Mexico Assets 2015-04-27 1
Albuquerque, New Mexico , United States

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 2 (40%) 834M (100%) 6 (86%) -
Financial Services 2 (40%) - 1 (14%) 115M (100%)
Healthcare Services 1 (20%) - - -
Total 5 $834M 7 $115M

By Geo

State/Country Buy Value Sell Value
United States 4 834M 7 115M
  South Carolina - - 2 -
  North Carolina - - 2 -
  Pennsylvania 1 834M - -
  New Jersey 1 - - -
  Maryland 1 - - -
  Kentucky 1 - - -
  Texas - - 1 115M
  Ohio - - 1 -
  Connecticut - - 1 -
United Kingdom 1 - - -
Domestic 4 (80%) 834M (100%) 7 (100%) 115M (100%)
Cross-border 1 (20%) - - -
Total 5 $834M 7 $115M

Top M&A Advisors

Financial Deals
BofA Securities
1
Deloitte
1
Legal Deals
Mayer Brown
1
Jones Day
1
Sutherland Asbill & Brennan LLP
1

Deal Values

buy # Total
$100M to $1B 1 $834M
TOTAL $834M
Largest Harleysville Group, Inc.
$834M (2012-05-01)
sell # Total
$100M to $1B 1 $115M
TOTAL $115M
Largest The 401(k) Company
$115M (2006-12-22)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
7 (100%)

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