M&A Deal Summary

Global Atlantic Financial Group Acquires eRESI Mortgage

On October 12, 2021, Global Atlantic Financial Group acquired insurance company eRESI Mortgage

Acquisition Highlights
  • This is Global Atlantic Financial Group’s 3rd transaction in the Insurance sector.
  • This is Global Atlantic Financial Group’s 4th transaction in the United States.
  • This is Global Atlantic Financial Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-10-12
Target eRESI Mortgage
Sector Insurance
Buyer(s) Global Atlantic Financial Group
Deal Type Add-on Acquisition

Target

eRESI Mortgage

Charlotte, North Carolina, United States
eRESI Mortgage is a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market. eRESI Mortgage provides a wide range of customized products and liquidity solutions to its national network of mortgage banking partners. eRESI Mortgage was founded in 2019 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Global Atlantic Financial Group

New York, New York, United States

Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Global Atlantic Financial Group is a multiline insurance and reinsurance company that serves more than two million policyholders through its retirement and life insurance products. Global Atlantic was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 5 of 5
Sector: Insurance M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Talcott Resolution

Windsor, Connecticut, United States

Talcott Resolution is an insurance company with capabilities including extensive life insurance and annuity product knowledge and rigorous risk and liability management. Talcott's primary blocks of business are variable annuities, fixed annuities, structured settlements, and corporate-owned life insurance. Talcott Resolution is based in Windsor, Connecticut.

Sell $2.3B