Allstate Mergers and Acquisitions Summary

Insurance Company

Allstate has acquired 15 companies, including 6 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 5 assets.

Allstate’s largest acquisition to date was in 2020, when it acquired National General Holdings for $4.0B. It’s largest disclosed sale occurred in 2021, when it sold Allstate Life Insurance to The Blackstone Group for $2.8B. Allstate has acquired in 7 different US states. The Company’s most targeted sectors include insurance (47%) and business services (16%).

Join Mergr and gain access to Allstate’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 Activity18
    • M&A Buy Activity13
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13
  • M&A Advisors 4

Allstate

The Allstate Corp.

2775 Sanders Road,
Northbrook, Illinois 60062
United States,
(847) 402-5000
www.allstate.com

Allstate is a US provider of insurance offerings, including property-liability insurance, auto/home, and life insurance. Allstate was formed in 1931 and is based in Northbrook, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 9 - 1 1 1 1 13
vol $2.6B $525M $4.0B $300M $7.4B
Sell (0.4/yr) # 3 - - - - 2 5
vol $600M $3.0B $3.6B
  18

Most Recent M&A

Company Date Value Type
SafeAuto Insurance Group, Inc. 2021-06-01 300M USD Add-on Acquisition
Columbus, Ohio · www.safeauto.com
Allstate Life Insurance Company of New York 2021-03-29 220M USD Divestiture
Northbrook, Illinois
Allstate Life Insurance Co. 2021-01-26 2.8B USD Divestiture
Northbrook, Illinois
National General Holdings Corp. 2020-07-07 4.0B USD Add-on Acquisition
New York, New York · www.nationalgeneral.com
iCracked, Inc. 2019-02-12 - Add-on Acquisition
San Francisco, California · www.icracked.com
InfoArmor, Inc. 2018-08-27 525M USD Add-on Acquisition
Scottsdale, Arizona · www.infoarmor.com
SquareTrade, Inc. 2016-11-28 1.4B USD Add-on Acquisition
San Francisco, California · www.squaretrade.com
Sterling Collision Centers, Inc. 2014-04-14 - Add-on Acquisition
Tustin, California · www.sterlingcollisioncenter.com
Lincoln Benefit Life Company 2013-07-17 600M USD Add-on Acquisition
Lincoln, Nebraska
Esurance Insurance Services, Inc. 2011-05-18 - Divestiture
San Francisco, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 6 (46%) 5.5B (74%) 3 (60%) 3.6B (100%)
Business Services 2 (15%) - 1 (20%) -
Software 2 (15%) 1.4B (19%) - -
Automotive 1 (8%) - 1 (20%) -
Information Technology 1 (8%) 525M (7%) - -
Internet Software and Services 1 (8%) - - -
Total 13 $7.4B 5 $3.6B

By Geo

State/Country Buy Value Sell Value
United States 13 7.4B 5 3.6B
  California 5 1.4B 1 -
  Illinois 3 1.2B 2 3.0B
  Ohio 1 300M - -
  New York 1 4.0B - -
  Florida 1 - - -
  Arizona 1 525M - -
  Nebraska - - 1 600M
Total 13 $7.4B 5 $3.6B

Top M&A Advisors

Financial Deals
Ardea Partners LLC
3
Lazard Ltd.
2
J.P. Morgan Securities LLC
2
Legal Deals
Willkie Farr & Gallagher LLP
4

Deal Values

buy # Total
> $1B 3 $6.6B
$100M to $1B 2 $825M
TOTAL $7.4B
Largest National General Holdings Corp.
$4.0B (2020-07-07)
sell # Total
> $1B 1 $2.8B
$100M to $1B 2 $820M
TOTAL $3.6B
Largest Allstate Life Insurance Co.
$2.8B (2021-01-26)

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Strategic(s)
31%
4 (31%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

 Subscribe to unlock this and 166,842
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.2K Private Equity Firms
  • 156K M&A Transactions
  • 163K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.3K M&A Advisors
    (Investment Banks and Law Firms)
  • 54K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.