M&A Deal Summary

Affirmative Insurance Holdings Acquires USAgencies Insurance Services

On October 18, 2006, Affirmative Insurance Holdings acquired insurance company USAgencies Insurance Services for 200M USD

Acquisition Highlights
  • This is Affirmative Insurance Holdings’ 1st transaction in the Insurance sector.
  • This is Affirmative Insurance Holdings’ largest (disclosed) transaction.
  • This is Affirmative Insurance Holdings’ 1st transaction in the United States.
  • This is Affirmative Insurance Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2006-10-18
Target USAgencies Insurance Services
Sector Insurance
Buyer(s) Affirmative Insurance Holdings
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

USAgencies Insurance Services

Plano,, Texas, United States
USAgencies is a privately-held non-standard automobile insurance provider. It has 92 sales offices in Louisiana, Illinois and Alabama selling its products directly to consumers through its retail stores, virtual call centers and Internet site.

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Buyer(S) 1

Buyer

Affirmative Insurance Holdings

Addison,, Texas, United States
Category Company
Founded 1998
Sector Insurance
Employees489
DESCRIPTION

Affirmative Insurance Holdings group of insurance companies and underwriting agencies that provide personal automobile insurance policies through a network of independent agents in multiple states.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-18 Affirmative Insurance Retail Agency Group

Addison, Texas, United States

The Retail Agency Group operates 195 retail locations in Louisiana, Alabama, Texas, Illinois, Indiana, Missouri, Kansas, South Carolina and Wisconsin and has nearly 400 sales agents.

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