M&A Deal Summary

Companion Life Insurance Acquires ASG Risk Management

On September 24, 2012, Companion Life Insurance acquired insurance company ASG Risk Management

Acquisition Highlights
  • This is Companion Life Insurance’s 3rd transaction in the Insurance sector.
  • This is Companion Life Insurance’s 3rd transaction in the United States.
  • This is Companion Life Insurance’s 1st transaction in Maine.

M&A Deal Summary
Date 2012-09-24
Target ASG Risk Management
Sector Insurance
Buyer(s) Companion Life Insurance
Deal Type Add-on Acquisition

Target

ASG Risk Management

Portland,, Maine, United States
ASG Risk Management Inc. a full-service managing general underwriter to third party administrators, brokers and consultants.

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Buyer(S) 1

Buyer

Companion Life Insurance

Columbia, South Carolina, United States
Category Company
Founded 1970
Sector Insurance
DESCRIPTION

Companion Life Insurance has specialized in employee benefits, company markets life, dental, disability, accident and specialty health insurance products through a network of independent agents and brokers, general agents and managing general underwriters.

DEAL STATS #
Overall 3 of 4
Sector (Insurance) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Maine) 1 of 1
Country (United States) 3 of 4
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Total Dental Administrators

Salt Lake City, Utah, United States

Total Dental Administrators, a dental insurance provider and third-party administrator of employer-based dental plans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Medical Excess Underwriters

Massachusetts, United States

Medical Excess Underwriters (MEDEX) an independent managing general underwriter . Its services include underwriting, premium administration, stop loss claim adjudication, policy issue and claim management services.

Buy -
Mergr

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