M&A Deal Summary

Biglari Acquires McGraw Insurance

On May 25, 2017, Biglari acquired insurance company McGraw Insurance for 300M USD

Acquisition Highlights
  • This is Biglari’s 4th transaction in the Insurance sector.
  • This is Biglari’s 2nd largest (disclosed) transaction.
  • This is Biglari’s 6th transaction in the United States.
  • This is Biglari’s 2nd transaction in California.

M&A Deal Summary
Date 2017-05-25
Target McGraw Insurance
Sector Insurance
Buyer(s) Biglari
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

McGraw Insurance

Anaheim, California, United States
McGraw Insurance, Inc. is a provider of motorcycle, personal watercraft and residential property insurance. McGraw Insurance is based in Anaheim, California.

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Buyer(S) 1

Buyer

Biglari

San Antonio, Texas, United States
Category Company
Founded 1934
Sector Diversified
Employees2,466
Revenue 365M USD (2023)
DESCRIPTION

Biglari is a holding company owning subsidiaries engaged in a number of diverse business activities, including media, property and casualty insurance, and restaurants. Biglari was incorporated in 1934 and is headquartered in San Antonio, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 6 of 6
Year (2017) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Pacific Specialty Insurance

Menlo Park, California, United States

Pacific Specialty Insurance Co. is a provider of insurance services to individuals and small-business owners with specialty and general policies featuring homeowners insurance, personal lines and powersports insurance.

Buy $300M
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