M&A Deal Summary

Old National Insurance Acquires Mutual Underwriters Insurance

On January 26, 2015, Old National Insurance acquired insurance company Mutual Underwriters Insurance for 4M USD

Acquisition Highlights
  • This is Old National Insurance’s 3rd transaction in the Insurance sector.
  • This is Old National Insurance’s largest (disclosed) transaction.
  • This is Old National Insurance’s 3rd transaction in the United States.
  • This is Old National Insurance’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2015-01-26
Target Mutual Underwriters Insurance
Sector Insurance
Buyer(s) Old National Insurance
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Mutual Underwriters Insurance

Louisville, Kentucky, United States
Mutual Underwriters Insurance consists primarily of commercial and personal property/casualty accounts.

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Buyer(S) 1

Buyer

Old National Insurance

Indianapolis, Indiana, United States

website


Category Company
Founded 1992
Sector Insurance
Employees270
DESCRIPTION

Old National Insurance is a provider of services and insurance solutions tailored to clients’ needs. From business, personal, and employee benefit insurance needs to claims administration services and alternative risk management consulting, can count on the ONI team of professional insurance advisors to provide hands-on attention and worry-free claims service. ONI has over 270 employees in offices throughout Indiana and in Louisville, KY and Danville, IL. ONI is the 78th largest broker in the United States per Business Insurance as well as one of the leading insurance agencies in the Midwest.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Kentucky) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 J.W.F. Specialty

Indianapolis, Indiana, United States

J.W.F. Specialty Co., Inc. are one of the largest risk management, insurance brokerage and third-party administrators in the central Indiana marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Employee Plans

Fort Wayne, Indiana, United States

Employee Plans LLC is a provider of employee benefit services to thousands of members. Company focus is to offer creative solutions to serious business problems that make financial sense as company navigate through the ever changing employee benefit landscape.

Sell -