M&A Deal Summary

ManhattanLife Acquires Western Skies MGU

On March 9, 2021, ManhattanLife acquired insurance company Western Skies MGU

Acquisition Highlights
  • This is ManhattanLife’s 2nd transaction in the Insurance sector.
  • This is ManhattanLife’s 2nd transaction in the United States.
  • This is ManhattanLife’s 1st transaction in Nevada.

M&A Deal Summary
Date 2021-03-09
Target Western Skies MGU
Sector Insurance
Buyer(s) ManhattanLife
Deal Type Add-on Acquisition

Target

Western Skies MGU

Las Vegas, Nevada, United States
Western Skies MGU is a national wholesaler and Program Manager of self-funded medical stop-loss health plans, offering Reference Based Pricing (RBP) and traditional PPO network options. Western Skies MGU is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

ManhattanLife

Houston, Texas, United States
Category Company
Founded 1870
Sector Insurance
DESCRIPTION

Manhattan Life Group, Inc. offers a diversity of high-quality Individual Life & Health Insurance, Voluntary Benefits, Medicare Supplements, and Annuities through its four charters — Manhattan Life, ManhattanLife Assurance, Family Life, and Western United Life. Manhattan Life Group was founded in 1870 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 Standard Life And Casualty Insurance

Salt Lake City, Utah, United States

Standard Life And Casualty Insurance Co. offer a diverse portfolio of high-quality products, including Specialty Life, Health, Accident, and Disability. Standard Life And Casualty Insurance was founded in 1946 and is based in Salt Lake City, Utah.

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