M&A Deal Summary

CopperPoint Mutual Insurance Acquires Pacific Compensation Insurance

On September 13, 2017, CopperPoint Mutual Insurance acquired insurance company Pacific Compensation Insurance from Alleghany for 150M USD

Acquisition Highlights
  • This is CopperPoint Mutual Insurance’s 1st transaction in the Insurance sector.
  • This is CopperPoint Mutual Insurance’s largest (disclosed) transaction.
  • This is CopperPoint Mutual Insurance’s 1st transaction in the United States.
  • This is CopperPoint Mutual Insurance’s 1st transaction in California.

M&A Deal Summary
Date 2017-09-13
Target Pacific Compensation Insurance
Sector Insurance
Buyer(s) CopperPoint Mutual Insurance
Sellers(s) Alleghany
Deal Type Divestiture
Deal Value 150M USD

Target

Pacific Compensation Insurance

Thousand Oaks, California, United States
Pacific Compensation Insurance Co. is an underwriter of workers' compensation insurance. Pacific Compensation Insurance was founded in 2002 and is based in Thousand oaks, California.

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Buyer(S) 1

Buyer

CopperPoint Mutual Insurance

Phoenix, Arizona, United States
Category Company
Sector Insurance
DESCRIPTION

CopperPoint Mutual Insurance Co. is a provider of workers compensation insurance. CopperPoint is proactive in building a culture of safety throughout Arizona and in keeping the state's workers compensation insurance rates affordable.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Alaska National Insurance

Anchorage, Arkansas, United States

Alaska National Insurance Co. is a provider of workers’ compensation, commercial property and auto, general liability, inland marine, umbrella, crime, and other commercial insurance services. Alaska National Insurance was founded in 1980 and is based in Anchorage, Arkansas.

Buy -

Seller(S) 1

SELLER

Alleghany

New York, New York, United States
Category Company
Founded 1929
Sector Insurance
Employees10,407
Revenue 12.0B USD (2021)
DESCRIPTION

Alleghany owns and manages operating subsidiaries and investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a global reinsurer; RSUI Group, Inc., a national underwriter of property and liability specialty insurance coverages; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages. Alleghany's subsidiary Alleghany Capital Corporation engages in and oversees strategic investments and acquisitions. Alleghany Corporation was founded in 1929 and is based in New York City.

DEAL STATS #
Overall 3 of 4
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (California) 2 of 2
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Homesite Group

Boston, Massachusetts, United States

Homesite Group, Inc. is a provider of auto, homeowners, life, business and farm/ranch insurance across 19 states.

Sell $660M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Bourn & Koch

Rockford, Illinois, United States

Bourn & Koch, Inc. is a manufacturer and remanufacturer/retrofitter of gear hobbing, gear shaping, gear grinding, vertical turning centers, vertical grinding centers, boring, rotary transfer, multispindle, inspection and specialty machine tools.

Sell -
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