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

ManhattanLife 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. ManhattanLife Group was founded in 1870 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Nevada M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 Standard Life And Casualty Insurance Co.

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.

Buy -