M&A Deal Summary

American Hardware & Lumber Insurance Acquires NIS Agency

On June 15, 2023, American Hardware & Lumber Insurance acquired insurance company NIS Agency

Acquisition Highlights
  • This is American Hardware & Lumber Insurance’s 1st transaction in the Insurance sector.
  • This is American Hardware & Lumber Insurance’s 1st transaction in the United States.
  • This is American Hardware & Lumber Insurance’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-06-15
Target NIS Agency
Sector Insurance
Buyer(s) American Hardware & Lumber Insurance
Deal Type Add-on Acquisition

Target

NIS Agency

Lowell, North Carolina, United States
NIS Agency provides all-lines insurance solutions to many types of trade contractors and other classes. NIS Agency was founded in 1999 and is based in Lowell, North Carolina.

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Buyer(S) 1

Buyer

American Hardware & Lumber Insurance

Cornelius, North Carolina, United States
Category Company
Founded 1972
Sector Insurance
DESCRIPTION

American Hardware & Lumber Insurance supplies insurance to independent hardware stores, lumber dealers, building material dealers, paint retailers, nursery and garden centers, rental dealers, and wood products manufacturers. American Hardware & Lumber Insurance was founded in 1972 and is based in Cornelius, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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