M&A Deal Summary

CopperPoint Mutual Insurance Co. Acquires Alaska National Insurance Co.

On September 17, 2019, CopperPoint Mutual Insurance Co. acquired insurance company Alaska National Insurance Co.

Acquisition Highlights
  • This is CopperPoint Mutual Insurance Co.’s 2nd transaction in the Insurance sector.
  • This is CopperPoint Mutual Insurance Co.’s 2nd transaction in the United States.
  • This is CopperPoint Mutual Insurance Co.’s 1st transaction in Arkansas.

M&A Deal Summary

Date 2019-09-17
Target Alaska National Insurance Co.
Sector Insurance
Buyer(s) CopperPoint Mutual Insurance Co.
Deal Type Add-on Acquisition
Advisor(s) Macquarie Capital (Financial)
Debevoise & Plimpton (Legal)

Target

Alaska National Insurance Co.

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.

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Buyer(S) 1

Buyer

CopperPoint Mutual Insurance Co.

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 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Arkansas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Pacific Compensation Insurance Co.

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.

Buy $150M