M&A Deal Summary

CRC Insurance Services Acquires Southern Cross Underwriters

On May 8, 2003, CRC Insurance Services acquired insurance company Southern Cross Underwriters

Acquisition Highlights
  • This is CRC Insurance Services’ 3rd transaction in the Insurance sector.
  • This is CRC Insurance Services’ 3rd transaction in the United States.
  • This is CRC Insurance Services’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2003-05-08
Target Southern Cross Underwriters
Sector Insurance
Buyer(s) CRC Insurance Services
Deal Type Add-on Acquisition

Target

Southern Cross Underwriters

Jackson, Mississippi, United States
Southern Cross Underwriters is an insurance wholesalers. Southern Cross Underwriters' specialty lines include commercial transportation, property and casualty liability, marine liability and liability coverage for directors and officers.

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Buyer(S) 1

Buyer

CRC Insurance Services

Birmingham, Alabama, United States
Category Company
Founded 1982
Sector Insurance
DESCRIPTION

CRC Insurance Services, Inc. is a wholesale services insurance broker.

DEAL STATS #
Overall 3 of 8
Sector (Insurance) 3 of 8
Type (Add-on Acquisition) 3 of 8
State (Mississippi) 1 of 1
Country (United States) 3 of 8
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-18 Piedmont Brokerage Services

High Point, North Carolina, United States

Piedmont Brokerage Services LLC is a specialty lines include liability coverage for directors and officers, errors and omissions policies, and employment practices liability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Vista Insurance Partners

San Antonio, Texas, United States

Vista Insurance Partners, Inc. is a provider of wholesale insurance broker services.

Buy -
Mergr

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