M&A Deal Summary

Mercury Acquires Auto Insurance Specialists

On October 15, 2008, Mercury acquired insurance company Auto Insurance Specialists for 120M USD

Acquisition Highlights
  • This is Mercury’s 1st transaction in the Insurance sector.
  • This is Mercury’s largest (disclosed) transaction.
  • This is Mercury’s 1st transaction in the United States.
  • This is Mercury’s 1st transaction in California.

M&A Deal Summary
Date 2008-10-15
Target Auto Insurance Specialists
Sector Insurance
Buyer(s) Mercury
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Auto Insurance Specialists

El Segundo, California, United States
Auto Insurance Specialists, Inc. is a major producer of automobile insurance in the state of California and the Mercury General's major independent broker producing over $400 million of direct premiums written.

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Buyer(S) 1

Buyer

Mercury

Los Angeles, California, United States
Category Company
Founded 1961
Sector Insurance
Employees4,300
Revenue 4.6B USD (2023)
DESCRIPTION
Mercury General's corporate headquarters in Los Angeles, California.
Mercury General's corporate headquarters in Los Angeles, California.

Mercury is primarily engaged in writing personal automobile insurance in a number of states, principally California. The Company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance. Mercury was founded in 1961 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 Workmen s Auto Insurance Company

Los Angeles, California, United States

Workmen's specializes in underwriting auto insurance, and works predominantly in California.

Buy $8M
Mergr

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