M&A Deal Summary

IPFS Acquires Universal Premium Acceptance

On December 30, 2009, IPFS acquired financial services company Universal Premium Acceptance from First Banks

Acquisition Highlights
  • This is IPFS’s 3rd transaction in the Financial Services sector.
  • This is IPFS’s 4th transaction in the United States.
  • This is IPFS’s 1st transaction in Kansas.

M&A Deal Summary
Date 2009-12-30
Target Universal Premium Acceptance
Sector Financial Services
Buyer(s) IPFS
Sellers(s) First Banks
Deal Type Divestiture
Advisor(s) Colonnade Advisors LLC (Financial)

Target

Universal Premium Acceptance

Lenexa, Kansas, United States
Universal Premium Acceptance Corp. is an insurance premium finance company specializing in providing short-term collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. UPAC is one of the top ten insurance premium finance companies in the United States.

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Buyer(S) 1

Buyer

IPFS

Kansas City, Missouri, United States
Category Company
Founded 1977
Sector Financial Services
DESCRIPTION

IPFS Corp. offers property and casualty insurance agents and brokers financing options for their customers' insurance premiums.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 3 of 4
Type (Divestiture) 3 of 3
State (Kansas) 1 of 1
Country (United States) 4 of 5
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 AMGRO

Worcester, Massachusetts, United States

Amgro, Inc. is a provider of financial services to the property/casualty insurance industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Universal Acceptance

Edina, Minnesota, United States

Universal Acceptance Corporation provides auto finance services for people with bad credit in the United States.

Buy -

Seller(S) 1

SELLER

First Banks

Category Company
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Universal Premium Acceptance

Lenexa, Kansas, United States

Universal Premium Acceptance Corp. is an insurance premium finance company specializing in providing short-term collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. UPAC is one of the top ten insurance premium finance companies in the United States.

Buy -
Mergr

Product

Company

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