M&A Deal Summary

Atlas Acquires Global Liberty Insurance Company of New York

On March 9, 2015, Atlas acquired insurance company Global Liberty Insurance Company of New York for 25M USD

Acquisition Highlights
  • This is Atlas’ 2nd transaction in the Insurance sector.
  • This is Atlas’ largest (disclosed) transaction.
  • This is Atlas’ 2nd transaction in the United States.
  • This is Atlas’ 1st transaction in New York.

M&A Deal Summary
Date 2015-03-09
Target Global Liberty Insurance Company of New York
Sector Insurance
Buyer(s) Atlas
Deal Type Add-on Acquisition
Deal Value 25M USD
Advisor(s) StoneRidge Advisors (Financial)
Jaspan Schlesinger Narendran (Legal)

Target

Global Liberty Insurance Company of New York

Melville, New York, United States
Global Liberty Insurance Company of New York is a insurer of light commercial auto sector, principally insuring limousine, black car, and luxury car vehicles.

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Buyer(S) 1

Buyer

Atlas

Schaumburg, Illinois, United States
Category Company
Founded 2009
Sector Insurance
Employees63
Revenue 5M USD (2021)
DESCRIPTION

Atlas is a commercial automobile insurance company with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. Atlas was incorporated in 2009 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Gateway Insurance

St. Louis, Missouri, United States

Gateway Insurance Co. is a specialty insurance carrier that provides coverage in market niches that include: Commercial Transportation, Contractors, and Specialty Commercial insurance including Workers Compensation, General Liability and Automobile Liability for some of the Hendricks companies. Gateway Insurance was founded in 1946 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 Gateway Insurance

St. Louis, Missouri, United States

Gateway Insurance Co. is a specialty insurance carrier that provides coverage in market niches that include: Commercial Transportation, Contractors, and Specialty Commercial insurance including Workers Compensation, General Liability and Automobile Liability for some of the Hendricks companies. Gateway Insurance was founded in 1946 and is based in St. Louis, Missouri.

Sell -
Mergr

Product

Company

Legal