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  6. Achieva Credit Union Acquires Cannella Insurance Services

M&A Deal Summary

Achieva Credit Union Acquires Cannella Insurance Services

On November 1, 2023, Achieva Credit Union acquired insurance company Cannella Insurance Services

Acquisition Highlights
  • This is Achieva Credit Union’s 1st transaction in the Insurance sector.
  • This is Achieva Credit Union’s 1st transaction in the United States.
  • This is Achieva Credit Union’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-11-01
Target Cannella Insurance Services
Sector Insurance
Buyer(s) Achieva Credit Union
Deal Type Add-on Acquisition

Target

Cannella Insurance Services

Tampa, Florida, United States
Cannella Insurance Services provides auto/car insurance, home insurance, business/commercial insurance, flood insurance, insurance for religious organizations & churches, boat insurance, museum insurance, private school insurance, and builders risk insurance. Cannella Insurance Services was founded in 2003 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Achieva Credit Union

Dunedin, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

Achieva Credit Union manages $2.7 billion in assets with 25 branches serving 160,000 members across 15 Florida counties. Achieva Credit Union is based in Dunedin, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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