Add-on Acquisition • Insurance

Biglari Acquires McGraw Insurance

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Biglari

San Antonio, Texas, United States

Category	Company
Founded	1934
Sector	Diversified
Employees	2,535
Revenue	362M USD (2024)

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 Context for Buyer	#
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 Co. 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

DATE

TARGET

DEAL TYPE

VALUE

2017-05-25

Pacific Specialty Insurance Co.

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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