M&A Deal Summary

AF Group Acquires AmeriTrust Group

On April 12, 2022, AF Group acquired insurance company AmeriTrust Group from Fosun International

Acquisition Highlights
  • This is AF Group’s 1st transaction in the Insurance sector.
  • This is AF Group’s 2nd transaction in the United States.
  • This is AF Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-04-12
Target AmeriTrust Group
Sector Insurance
Buyer(s) AF Group
Sellers(s) Fosun International
Deal Type Divestiture

Target

AmeriTrust Group

Southfield, Michigan, United States
AmeriTrust Group is a provider of specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations, and six property and casualty insurance underwriting companies. AmeriTrust Group was founded in 1955 and is based in Southfield, Michigan.

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Buyer(S) 1

Buyer

AF Group

Lansing, Michigan, United States
Category Company
Founded 1912
Sector Insurance
DESCRIPTION

AF Group is a provider of insurance solutions. AF Group Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company. AF Group was founded in 1912 and is based in Lansing, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 DecisionUR

Jupiter, Florida, United States

DecisionUR is a cloud-based solution that uses state-mandated, evidence-based medical guidelines to automate initial treatment reviews and streamline the workers' compensation claim review process. DecisionUR is based in Jupiter, Florida.

Buy -

Seller(S) 1

SELLER

Fosun International

Shanghai, China
Category Company
Founded 1992
Sector Diversified
Employees108,000
Revenue 198.2B CNY (2023)
DESCRIPTION

Fosun International is a diversified holding and investment firm spanning insurance, industrial operations, investments and assets management. Fosun mainly invests in sectors that would significantly benefit from China's growth momentum, such as consumption and consumption upgrade, financial services, resources & energy, and manufacturing upgrade, with a view to participating in the rapid development of China's economy. Fosun International was founded in 1992 and is based in Shanghai, China.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-28 St Hubert

Rungis, France

St Hubert produces and markets spreads in France. St Hubert was founded in 1989 and is based in Rungis, France.

Buy -
Mergr

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