M&A Deal Summary

Assured SKCG Acquires CBS Coverage Group

On April 17, 2014, Assured SKCG acquired insurance company CBS Coverage Group

Acquisition Highlights
  • This is Assured SKCG’s 2nd transaction in the Insurance sector.
  • This is Assured SKCG’s 2nd transaction in the United States.
  • This is Assured SKCG’s 2nd transaction in New York.

M&A Deal Summary

Date 2014-04-17
Target CBS Coverage Group
Sector Insurance
Buyer(s) Assured SKCG
Deal Type Add-on Acquisition

Target

CBS Coverage Group

Plainview, New York, United States
Coverage Group specializes in commercial insurance, employee benefits and financial planning services, and personal insurance.

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Buyer(S) 1

Buyer

Assured SKCG

White Plains, New York, United States

Category Company
Sector Business Services
DESCRIPTION

SKCG is a comprehensive Risk Management and Insurance Advisory Services firm with over 80 employees. The organization counsels corporate and private clients on the design, implementation and administration of Property & Casualty, Group and Executive Benefit Programs, Estate, Retirement and Executive Planning, and Business Succession strategies. For over 50 years, the firm's clients have been drawn from a variety of industries, including financial, legal, medical, real estate, entertainment, technology and media.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Morris H. Bannister & Son

Peekskill, New York, United States

Morris H. Bannister & Son,specializes in insurance for businesses, municipalities and individuals, and provides life, health and employee benefits services.

Buy -