M&A Deal Summary

Auto Club Insurance Association Acquires Fremont Michigan Insuracorp

On April 18, 2011, Auto Club Insurance Association acquired insurance company Fremont Michigan Insuracorp for 68M USD

Acquisition Highlights
  • This is Auto Club Insurance Association’s 2nd transaction in the Insurance sector.
  • This is Auto Club Insurance Association’s largest (disclosed) transaction.
  • This is Auto Club Insurance Association’s 2nd transaction in the United States.
  • This is Auto Club Insurance Association’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2011-04-18
Target Fremont Michigan Insuracorp
Sector Insurance
Buyer(s) Auto Club Insurance Association
Deal Type Add-on Acquisition
Deal Value 68M USD

Target

Fremont Michigan Insuracorp

Fremont, Michigan, United States
Fremont Michigan Insuracorp provides property and casualty insurance to individuals, farms and small businesses exclusively in Michigan.

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Buyer(S) 1

Buyer

Auto Club Insurance Association

Dearborn, Michigan, United States
Category Company
Founded 1922
Sector Insurance
DESCRIPTION

Auto Club Insurance Association Company is a provider of auto and home insurance products and services.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-02 MEEMIC Insurance

Auburn Hills, Michigan, United States

MEEMIC provides auto, homeowners, boat, and umbrella insurance to employees of educational institutions and their families.

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