M&A Deal Summary

Independent Life Insurance Co. Acquires Sterling National Life Insurance Co.

On January 25, 2021, Independent Life Insurance Co. acquired insurance company Sterling National Life Insurance Co. from SILAC Insurance Co.

Acquisition Highlights
  • This is Independent Life Insurance Co.’s 1st transaction in the Insurance sector.
  • This is Independent Life Insurance Co.’s 1st transaction in the United States.

M&A Deal Summary

Date 2021-01-25
Target Sterling National Life Insurance Co.
Sector Insurance
Buyer(s) Independent Life Insurance Co.
Sellers(s) SILAC Insurance Co.
Deal Type Divestiture

Target

Sterling National Life Insurance Co.

United States
Sterling National Life Insurance Co. is a provider of a full range of insurance services.

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Buyer(S) 1

Buyer

Independent Life Insurance Co.

Dallas, Texas, United States

Category Company
Founded 2017
Sector Insurance
DESCRIPTION

Independent Life Insurance Co. is an insurance company to focus exclusively on structured settlements. Independent Group provides competitive and innovative annuity products and services that professional consultants can efficiently integrate into their settlement planning solutions, for the long-term protection of personal injury victims and their families. Independent Life Insurance was founded in 2017 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

SILAC Insurance Co.

Salt Lake City, Utah, United States

Category Company
Founded 1935
Sector Insurance
DESCRIPTION

SILAC Insurance Co. is an insurance company that offers life, health, and casualty insurance services. SILAC Insurance was founded in 1935 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1