M&A Deal Summary

American Independent Companies Acquires Apollo Casualty Co.

On June 1, 2011, American Independent Companies acquired insurance company Apollo Casualty Co.

Acquisition Highlights
  • This is American Independent Companies’ 1st transaction in the Insurance sector.
  • This is American Independent Companies’ 1st transaction in the United States.
  • This is American Independent Companies’ 1st transaction in Illinois.

M&A Deal Summary

Date 2011-06-01
Target Apollo Casualty Co.
Sector Insurance
Buyer(s) American Independent Companies
Deal Type Add-on Acquisition
Advisor(s) Sherman & Company (Financial)

Target

Apollo Casualty Co.

Des Plaines, Illinois, United States

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Buyer(S) 1

Buyer

American Independent Companies

New York, New York, United States

Category Company
Founded 2004
Sector Insurance
DESCRIPTION

American Independent Companies Inc., is the holding company for a family of non-standard auto insurance businesses. American Independent Companies was formed in 2004 and is based in New York.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1