M&A Deal Summary

Buckle Agency Acquires Gateway Insurance Co.

On June 17, 2020, Buckle Agency acquired insurance company Gateway Insurance Co. from Atlas

Acquisition Highlights
  • This is Buckle Agency’s 1st transaction in the Insurance sector.
  • This is Buckle Agency’s 1st transaction in the United States.
  • This is Buckle Agency’s 1st transaction in Missouri.

M&A Deal Summary

Date 2020-06-17
Target Gateway Insurance Co.
Sector Insurance
Buyer(s) Buckle Agency
Sellers(s) Atlas
Deal Type Divestiture

Target

Gateway Insurance Co.

St. Louis, Missouri, United States
Gateway Insurance Co. is a specialty insurance carrier that provides coverage in market niches that include: Commercial Transportation, Contractors, and Specialty Commercial insurance including Workers Compensation, General Liability and Automobile Liability for some of the Hendricks companies. Gateway Insurance was founded in 1946 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Buckle Agency

Atlanta, Georgia, United States

Category Company
Sector Insurance
DESCRIPTION

Buckle Agency LLC is a provider of technology-driven financial products and services to the sharing economy. When delivering insurance, the company’s goal is to offer streamlined and transparent transactions to those who turn their personal assets into revenue-driving opportunities. Buckle Agency is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Atlas

Schaumburg, Illinois, United States

Category Company
Founded 2009
Sector Insurance
Employees63
Revenue 5M USD (2021)
DESCRIPTION

Atlas is a commercial automobile insurance company with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. Atlas was incorporated in 2009 and is based in Schaumburg, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Global Liberty Insurance Company of New York

Melville, New York, United States

Global Liberty Insurance Company of New York is a insurer of light commercial auto sector, principally insuring limousine, black car, and luxury car vehicles.

Buy $25M