Divestiture • Insurance

AmTrust Financial Acquires Unified Grocers Insurance Services

On April 22, 2015, AmTrust Financial acquired insurance company Unified Grocers Insurance Services from Unified Grocers

Acquisition Context
  • This is AmTrust Financial’s 16th transaction in the Insurance sector.
  • This is AmTrust Financial’s 15th transaction in the United States.
  • This is AmTrust Financial’s 4th transaction in California.

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M&A Deal Summary

Date April 22, 2015
Target Unified Grocers Insurance Services
Sector Insurance
Buyer(s) AmTrust Financial
Sellers(s) Unified Grocers
Deal Type Divestiture

Target Company

Unified Grocers Insurance Services

Commerce, California, United States
Unified Grocers Insurance Services (UGIS) is a provider of full range of insurance services.
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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 18 of 32
Sector: Insurance 16 of 28
Type: Divestiture 6 of 12
State: California 4 of 5
Country: United States 15 of 26
Year: 2015 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 TMI Solutions

Roswell, Georgia, United States

TMI Solutions LLC is an independent third-party administrator of service plans and product protection programs. TMIS offers customizable, end-to-end service contract solutions for partners in industries such as telecommunications, cable, energy and retail.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Wells Fargo - Warranty Solutions

Lakewood, Colorado, United States

Warranty Solutions is a designer, marketer, administer and underwriter vehicle service contracts for new and used automobiles.Warranty Solutions is a comprised of the following corporate entities: Warranty Solutions Management Corporation, Heritage Indemnity Company, Westlake Insurance Company (Bermuda) Ltd., Warranty Solutions Administrative Services, Inc., WS Aftermarket Services Corporation and Heritage Mechanical Breakdown Corporation.

Buy $152M

Seller Profile 1

SELLER

Unified Grocers

Commerce, California, United States

Category Company
Founded 1922
Sector Retail
Employees2,600
DESCRIPTION

Unified Grocers, Inc. is a retailer-owned wholesale grocery distributor that supplies independent retailers throughout the western United States. Unified Grocers, Inc. was established in 1922 and is headquartered in Commerce, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Raley’s GM and HBW Operations

United States

General Merchandise, Health, Beauty and Wellness Business comprises a business unit which distributes general merchandise, health, beauty, and wellness products.

Buy -