M&A Deal Summary

Assurant Acquires EPG Insurance

On December 17, 2020, Assurant acquired insurance company EPG Insurance for 43M USD

Acquisition Highlights
  • This is Assurant’s 6th transaction in the Insurance sector.
  • This is Assurant’s 7th largest (disclosed) transaction.
  • This is Assurant’s 14th transaction in the United States.
  • This is Assurant’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-12-17
Target EPG Insurance
Sector Insurance
Buyer(s) Assurant
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

EPG Insurance

Memphis, Tennessee, United States
EPG Insurance, Inc. is a provider of service contracts and insurance sold through heavy equipment dealers and manufacturers. EPG Insurance specializes in physical damage insurance for commercial auto and commercial equipment, service contracts for commercial equipment, and loss damage waivers for commercial equipment. EPG Insurance was founded in 1987 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Assurant

Atlanta, Georgia, United States
Category Company
Founded 1892
Sector Insurance
Employees13,600
Revenue 11.1B USD (2023)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and in select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions, and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 16 of 17
Sector (Insurance) 6 of 6
Type (Add-on Acquisition) 10 of 11
State (Tennessee) 1 of 1
Country (United States) 14 of 14
Year (2020) 4 of 4
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 HYLA Mobile

Irving, Texas, United States

HYLA Mobile is a provider of products and services that capture, extend, and optimize the life and value of used mobile phones. HYLA has worked to develop technology and solutions that extend the lifecycle of mobile devices to build economic opportunity and enable information access for new users while helping to protect our planet. HYLA Mobile was founded in 2009 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Assurant - Global Preneed

New York, New York, United States

Assurant's Global Preneed is a provider of financial services to clients.

Sell $1.3B
Mergr

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Company

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