M&A Deal Summary

AmeriTrust Group Acquires Signature Insurance Agency

On November 8, 2018, AmeriTrust Group acquired insurance company Signature Insurance Agency

Acquisition Highlights
  • This is AmeriTrust Group’s 4th transaction in the Insurance sector.
  • This is AmeriTrust Group’s 5th transaction in the United States.
  • This is AmeriTrust Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2018-11-08
Target Signature Insurance Agency
Sector Insurance
Buyer(s) AmeriTrust Group
Deal Type Add-on Acquisition

Target

Signature Insurance Agency

Sarasota, Florida, United States
Carol P. Rummel Insurance Agency is a provider of insurance services. Carol P. Rummel Insurance Agency is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

AmeriTrust Group

Southfield, Michigan, United States

Category Company
Founded 1955
Sector Insurance
Employees904
Revenue 742M USD (2014)
DESCRIPTION

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.


DEAL STATS #
Overall 5 of 5
Sector: Insurance M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
State: Florida M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-19 Mackinaw Administrators

Brighton, Michigan, United States

Mackinaw Administrators LLC is a provider of tailored insurance and risk management programs and other related services for both group and individual clients.

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