M&A Deal Summary

Bankers Insurance Acquires Cabell Insurance Associates

On January 10, 2005, Bankers Insurance acquired insurance company Cabell Insurance Associates

Acquisition Highlights
  • This is Bankers Insurance’s 1st transaction in the Insurance sector.
  • This is Bankers Insurance’s 1st transaction in the United States.
  • This is Bankers Insurance’s 1st transaction in Virginia.

M&A Deal Summary

Date 2005-01-10
Target Cabell Insurance Associates
Sector Insurance
Buyer(s) Bankers Insurance
Deal Type Add-on Acquisition

Target

Cabell Insurance Associates

Charlottesville, Virginia, United States
Cabell Insurance Associates, Inc. is an insurance brokerage firm that offers personal and business insurance programs.

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Buyer(S) 1

Buyer

Bankers Insurance

Richmond,, Virginia, United States

Category Company
Founded 1999
Sector Insurance
DESCRIPTION

Bankers Insurance was formed by a consortium of community banks throughout Virginia that collectively provided capital to acquire established, independent insurance agencies to serve as the platform for insurance sales.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1