M&A Deal Summary

ICDC Acquires NationsBuilders Insurance

On August 7, 2020, ICDC acquired insurance company NationsBuilders Insurance from NBIS

Acquisition Highlights
  • This is ICDC’s 1st transaction in the Insurance sector.
  • This is ICDC’s 1st transaction in the United States.
  • This is ICDC’s 1st transaction in District of Columbia.

M&A Deal Summary

Date 2020-08-07
Target NationsBuilders Insurance
Sector Insurance
Buyer(s) ICDC
Sellers(s) NBIS
Deal Type Divestiture

Target

NationsBuilders Insurance

Washington, District of Columbia, United States
NationsBuilders Insurance Co. is a provider of insurance services based in Washington, D.C.

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Buyer(S) 1

Buyer

ICDC

Bermuda

Category Company
Sector Insurance
DESCRIPTION

ICDC is a captive insurer that provides workers compensation, commercial general liability, business auto liability, business auto physical damage, and property risks services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

NBIS

Atlanta, Georgia, United States

Category Company
Founded 2001
Sector Insurance
DESCRIPTION

NBIS is the premier provider of insurance & risk management solutions for crane, rigging, specialized transportation, concrete pumping, and equipment dealer/rental operations in the United States. Risk Solutions include contract management review, complimentary online driver training courses, complimentary access to over 150+ online & industry-specific training classes, safety & regulatory manuals, and guides ready to implement as well as partner discounts for Dash Cameras, Telematics and much more. NBIS was established in 2001 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (District of Columbia) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 ATX Premier Insurance

Atlanta, Georgia, United States

ATX Premier Insurance Co. is a provider of insurance and risk management solutions.

Sell -