M&A Deal Summary

INSURICA Insurance Management Network Acquires Kenderdine Agency

On December 9, 2013, INSURICA Insurance Management Network acquired insurance company Kenderdine Agency

Acquisition Highlights
  • This is INSURICA Insurance Management Network’s 5th transaction in the Insurance sector.
  • This is INSURICA Insurance Management Network’s 5th transaction in the United States.
  • This is INSURICA Insurance Management Network’s 3rd transaction in Texas.

M&A Deal Summary
Date 2013-12-09
Target Kenderdine Agency
Sector Insurance
Buyer(s) INSURICA Insurance Management Network
Deal Type Add-on Acquisition

Target

Kenderdine Agency

Palestine, Texas, United States
Kenderdine Insurance Agency underwrites insurance polices provided by Progressive, offering auto, home, life, motorcycle, and boat insurance products.

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Buyer(S) 1

Buyer

INSURICA Insurance Management Network

Oklahoma City,, Oklahoma, United States
Category Company
Founded 1959
Sector Insurance
DESCRIPTION

INSURICA Insurance Management Network is an independent insurance agency that specializes in core industries and business disciplines, sharing that expertise throughout our ever expanding footprint of offices.

DEAL STATS #
Overall 5 of 8
Sector (Insurance) 5 of 8
Type (Add-on Acquisition) 5 of 8
State (Texas) 3 of 3
Country (United States) 5 of 8
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 Biltmore Benefits

Phoenix, Arizona, United States

Biltmore Benefits is a consulting firm. Company provide the critical link between business and insurance carriers. Company offer cost-effective strategies for a wide range of group plans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 The JRJ Agency

Tulsa, Oklahoma, United States

The JRJ Agency has a unique team of professional consultants with very diverse educational and experiential backgrounds. Company have extensive business backgrounds including years of ownership or management of companies in the real estate, oil & gas, transportation, auto dealership, securities, investments, and construction industries.

Buy -
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