M&A Deal Summary

AssuredPartners Acquires LegacyTexas Insurance Services

On July 11, 2016, AssuredPartners acquired insurance company LegacyTexas Insurance Services from LegacyTexas Financial Group

Acquisition Highlights
  • This is AssuredPartners’ 78th transaction in the Insurance sector.
  • This is AssuredPartners’ 82nd transaction in the United States.
  • This is AssuredPartners’ 3rd transaction in Texas.

M&A Deal Summary
Date 2016-07-11
Target LegacyTexas Insurance Services
Sector Insurance
Buyer(s) AssuredPartners
Sellers(s) LegacyTexas Financial Group
Deal Type Divestiture

Target

LegacyTexas Insurance Services

Plano, Texas, United States
LegacyTexas Insurance Services is a provider of full range of insurance services.

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Buyer(S) 1

Buyer

AssuredPartners

Orlando, Florida, United States
Category Company
Founded 2011
Sector Insurance
Revenue 2.9B USD (2024)
DESCRIPTION

AssuredPartners is a full-service insurance broker, offering property and casualty and employee benefits insurance products and services to middle-market businesses, public institutions, and high-net-worth individuals. AssuredPartners was founded in 2011 and is based in Orlando, Florida.

DEAL STATS #
Overall 84 of 257
Sector (Insurance) 78 of 243
Type (Divestiture) 6 of 10
State (Texas) 3 of 17
Country (United States) 82 of 249
Year (2016) 16 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 ArmadaAdministrators

Hunt Valley, Maryland, United States

ArmadaAdministrators is a provider of employers and insurance carriers by managing the administration of supplemental plans and consumer-directed accounts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 LJ Stein

Lakewood, New York, United States

LJ Stein & Co., Inc. is a specialty broker focused solely on serving risk management and property and casualty insurance needs of exploration and production companies and contractors directly engaged in the development of oil and natural gas resources.

Buy -

Seller(S) 1

SELLER

LegacyTexas Financial Group

Plano, Texas, United States
Category Company
Founded 1952
Sector Financial Services
Employees851
Revenue 415M USD (2018)
DESCRIPTION

LegacyTexas Financial Group is a bank holding company based in Plano, Texas. The company's holdings will include LegacyTexas Bank, which will also operate as ViewPoint Bank and First National Bank of Jacksboro. LegacyTexas Financial Group was founded in 1952 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 LegacyTexas Group

Plano, Texas, United States

LegacyTexas is a commercial bank headquartered in Plano, Texas, that operates 20 branches in Collin, Dallas, Tarrant and Parker counties.

Buy -
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