Add-on Acquisition • Insurance

AmTrust Financial Acquires Builders & Tradesmen s Insurance Services

On January 4, 2012, AmTrust Financial acquired insurance company Builders & Tradesmen s Insurance Services

Acquisition Context
  • This is AmTrust Financial’s 6th transaction in the Insurance sector.
  • This is AmTrust Financial’s 5th transaction in the United States.
  • This is AmTrust Financial’s 1st transaction in California.

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M&A Deal Summary

Date January 4, 2012
Target Builders & Tradesmen s Insurance Services
Sector Insurance
Buyer(s) AmTrust Financial
Deal Type Add-on Acquisition

Target Company

Builders & Tradesmen s Insurance Services

Rocklin, California, United States
Builders & Tradesmen's Insurance Services, Inc. is an insurance wholesaler and general agent specializing in the procurement and brokering of insurance policies and bonds for small artisan contractors.
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Buyer Overview 1

Buyer

AmTrust Financial

New York, New York, United States

Category Company
Founded 1998
Sector Insurance
Employees5,100
Revenue 4.7B USD (2015)
DESCRIPTION
AmTrust Financial office in downtown Cleveland, Ohio.
AmTrust Financial office in downtown Cleveland, Ohio.

AmTrust Financial is a provider of property and casualty insurance to small businesses. AmTrust insurance products include multiline small business, warranty and specialty risk, specialty program business insurance services. AmTrust Financial was formed in 1998 and is based in New York City.


Deal Context for Buyer #
Overall 7 of 32
Sector: Insurance 6 of 28
Type: Add-on Acquisition 5 of 20
State: California 1 of 5
Country: United States 5 of 26
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Warrantech

Bedford, Texas, United States

Warrantech Corp. is a provider of service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computers and computer peripherals for retailers, distributors and manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 First Nonprofit Co s

Chicago, Illinois, United States

First Nonprofit Co's, Inc. is a provider of property & casualty insurance products to nonprofit organizations in US.

Buy -