M&A Deal Summary

Access Holdco Management Acquires Occidental Fire & Casualty Co.

On November 28, 2016, Access Holdco Management acquired insurance company Occidental Fire & Casualty Co. from IAT Insurance Group

Acquisition Highlights
  • This is Access Holdco Management’s 1st transaction in the Insurance sector.
  • This is Access Holdco Management’s 1st transaction in the United States.
  • This is Access Holdco Management’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-11-28
Target Occidental Fire & Casualty Co.
Sector Insurance
Buyer(s) Access Holdco Management
Sellers(s) IAT Insurance Group
Deal Type Divestiture

Target

Occidental Fire & Casualty Co.

Raleigh, North Carolina, United States
Occidental Fire & Casualty Co. is a diversified property and casualty insurance company.

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Buyer(S) 1

Buyer

Access Holdco Management

Atlanta, Georgia, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Access Holdco Management LLC is a full-service managing general agency that provides sales distribution, underwriting, policy administration, and claims processing for their insurance company partner.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

IAT Insurance Group

Raleigh, North Carolina, United States

Category Company
Sector Insurance
DESCRIPTION

IAT Insurance Group is a global insurance organization made up of five operating divisions – each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. IAT Insurance Group leverages its experienced leadership talent, sound analytics, proven operating platforms, and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for its commercial and personal lines clients.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 IFIC Surety Group

Newark, United States

IFIC Surety Group, Inc. is a provider of writes contract, commercial, bail, customs, specialty and subdivision bonds.

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