M&A Deal Summary

American Family Mutual Insurance Acquires Homesite Group

On September 4, 2013, American Family Mutual Insurance acquired insurance company Homesite Group from Metalmark Capital and Alleghany for 660M USD

Acquisition Highlights
  • This is American Family Mutual Insurance’s 4th transaction in the Insurance sector.
  • This is American Family Mutual Insurance’s 2nd largest (disclosed) transaction.
  • This is American Family Mutual Insurance’s 4th transaction in the United States.
  • This is American Family Mutual Insurance’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2013-09-04
Target Homesite Group
Sector Insurance
Buyer(s) American Family Mutual Insurance
Sellers(s) Metalmark Capital
Alleghany
Deal Type Add-on Acquisition
Deal Value 660M USD
Advisor(s) Lazard (Financial)
Willkie Farr & Gallagher (Legal)

Target

Homesite Group

Boston, Massachusetts, United States
Homesite Group, Inc. is a provider of auto, homeowners, life, business and farm/ranch insurance across 19 states.

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Buyer(S) 1

Buyer

American Family Mutual Insurance

Madison, Wisconsin, United States
Category Company
Founded 1927
Sector Insurance
DESCRIPTION

American Family Insurance is a private mutual company that focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products.

DEAL STATS #
Overall 4 of 7
Sector (Insurance) 4 of 5
Type (Add-on Acquisition) 3 of 5
State (Massachusetts) 1 of 1
Country (United States) 4 of 7
Year (2013) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Permanent General Companies

Nashville, Tennessee, United States

Permanent General Companies, Inc. specializes in serving the non-standard auto insurance market through its subsidiaries, Permanent General and The General®,

Buy $239M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Networked Insights

Chicago, Illinois, United States

Networked Insights, Inc. is a marketing decision platform that analyzes social data for brands to strategize advertising, research and product development. Networked Insights, Inc. was founded in 2006 and is headquartered in Chicago, Illinois.

Buy -

Seller(S) 2

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 27 of 40
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 14 of 20
State (Massachusetts) 1 of 1
Country (United States) 26 of 37
Year (2013) 3 of 3
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Sebela Pharmaceuticals

Roswell, Georgia, United States

Sebela Phartmaceuticals is committed to improving patients lives by developing, marketing and selling differentiated branded prescription pharmaceuticals that bring meaningful value to patients affected by gastrointestinal, dermatological and women’s health diseases. Sebela Pharmaceuticals was founded in 2013 and is based in Roswell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 PTW Energy Services

Calgary, Alberta, Canada

PTW Energy Services is an energy services company providing electrical and instrumentation, and building fabrication services to the energy, engineering, and construction clients operating across growing markets in Canada, the United States, Southeast Asia, and the Middle East. PTW Energy Services was founded in 2014 and is based in Calgary, Alberta.

Buy -
SELLER

Alleghany

New York, New York, United States
Category Company
Founded 1929
Sector Insurance
Employees10,407
Revenue 12.0B USD (2021)
DESCRIPTION

Alleghany owns and manages operating subsidiaries and investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a global reinsurer; RSUI Group, Inc., a national underwriter of property and liability specialty insurance coverages; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages. Alleghany's subsidiary Alleghany Capital Corporation engages in and oversees strategic investments and acquisitions. Alleghany Corporation was founded in 1929 and is based in New York City.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Bourn & Koch

Rockford, Illinois, United States

Bourn & Koch, Inc. is a manufacturer and remanufacturer/retrofitter of gear hobbing, gear shaping, gear grinding, vertical turning centers, vertical grinding centers, boring, rotary transfer, multispindle, inspection and specialty machine tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Pacific Compensation Insurance

Thousand Oaks, California, United States

Pacific Compensation Insurance Co. is an underwriter of workers' compensation insurance. Pacific Compensation Insurance was founded in 2002 and is based in Thousand oaks, California.

Sell $150M
Mergr

Product

Company

Legal