M&A Deal Summary

RLI Acquires Contractors Bonding And Insurance

On December 22, 2010, RLI acquired insurance company Contractors Bonding And Insurance for 137M USD

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

M&A Deal Summary
Date 2010-12-22
Target Contractors Bonding And Insurance
Sector Insurance
Buyer(s) RLI
Deal Type Add-on Acquisition
Deal Value 137M USD

Target

Contractors Bonding And Insurance

Peoria, Illinois, United States
website
Contractors Bonding And Insurance Co. is a insurance company specializing in surety bonds and related niche property and casualty insurance products. CBIC serves over 30,000 contractors and over 4,000 insurance agents and brokers nationwide. CBIC operates 13 regional branch offices and is considered a leading writer of contractor license bonds in the Northwest.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

RLI

Peoria, Illinois, United States

website

Category Company
Founded 1965
Sector Insurance
Employees1,001
Revenue 1.7B USD (2022)
DESCRIPTION

RLI is a specialty insurance company offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI was founded in 1965 and is based in Peoria, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 Rockbridge Underwriting Agency

Houston, Texas, United States

Rockbridge Underwriting Agency Ltd. is a managing general agency specializing in medical malpractice insurance. Rockbridge offers coverage in all 50 states through a network of retail and wholesale brokers.

Buy -
Mergr

Product

Company

Legal