M&A Deal Summary

BancorpSouth Insurance Services Acquires Knox Insurance Group

On April 16, 2014, BancorpSouth Insurance Services acquired insurance company Knox Insurance Group

Acquisition Highlights
  • This is BancorpSouth Insurance Services’ 3rd transaction in the Insurance sector.
  • This is BancorpSouth Insurance Services’ 3rd transaction in the United States.
  • This is BancorpSouth Insurance Services’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2014-04-16
Target Knox Insurance Group
Sector Insurance
Buyer(s) BancorpSouth Insurance Services
Deal Type Add-on Acquisition

Target

Knox Insurance Group

Lafayette, Louisiana, United States
Knox Insurance Group has a diverse client base including agricultural processing, construction, energy, manufacturing, marine, medical, and transportation. Product specialties include, but are not limited to, workers compensation, business auto, property and casualty, and general/umbrella liability.

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Buyer(S) 1

Buyer

BancorpSouth Insurance Services

Gulfport,, Missouri, United States

Category Company
Founded 1997
Sector Insurance
DESCRIPTION

BancorpSouth Insurance Services, Inc. provides business, employee benefits, surety and personal insurance brokerage and consulting services. Company help build protection that covers direct costs, premiums and deductibles as well as indirect costs like lost productivity, legal expenses and missed business opportunities.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Louisiana M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 GEM Insurance Agencies

Houston, Texas, United States

GEM Insurance Agencies, customer base consists of a diverse segment of property/casualty risks with specialties in commercial real estate, manufacturing, distribution, and service companies with an emphasis on complex products liability/professional liability exposures, upstream and mid-stream oil and gas operations, staffing, and not-for-profit and healthcare organizations.

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