M&A Deal Summary

IAT Insurance Group Acquires IFIC Surety Group

On April 3, 2018, IAT Insurance Group acquired insurance company IFIC Surety Group

Acquisition Highlights
  • This is IAT Insurance Group’s 1st transaction in the Insurance sector.
  • This is IAT Insurance Group’s 1st transaction in the United States.

M&A Deal Summary

Date 2018-04-03
Target IFIC Surety Group
Sector Insurance
Buyer(s) IAT Insurance Group
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette & Woods (Financial)
Jones Day (Legal)

Target

IFIC Surety Group

Newark, United States
IFIC Surety Group, Inc. is a provider of writes contract, commercial, bail, customs, specialty and subdivision bonds.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

IAT Insurance Group

Raleigh, North Carolina, United States

Category Company
Sector Insurance
DESCRIPTION

IAT Insurance Group is a global insurance organization made up of five operating divisions – each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. IAT Insurance Group leverages its experienced leadership talent, sound analytics, proven operating platforms, and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for its commercial and personal lines clients.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Occidental Fire & Casualty Co.

Raleigh, North Carolina, United States

Occidental Fire & Casualty Co. is a diversified property and casualty insurance company.

Sell -