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  6. Motorists Mutual Insurance Co. Acquires Consumers Insurance USA

M&A Deal Summary

Motorists Mutual Insurance Co. Acquires Consumers Insurance USA

On May 12, 2014, Motorists Mutual Insurance Co. acquired insurance company Consumers Insurance USA

Acquisition Highlights
  • This is Motorists Mutual Insurance Co.’s 1st transaction in the Insurance sector.
  • This is Motorists Mutual Insurance Co.’s 1st transaction in the United States.
  • This is Motorists Mutual Insurance Co.’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2014-05-12
Target Consumers Insurance USA
Sector Insurance
Buyer(s) Motorists Mutual Insurance Co.
Deal Type Add-on Acquisition
Advisor(s) Sherman & Company (Financial)
Harwell Howard Hyne Gabbert & Manner, P.C. (Legal)

Target

Consumers Insurance USA

Murfreesboro, Tennessee, United States
Consumers Insurance USA, Inc. independent insurance agents, markets niche-oriented products including standard and non-standard personal auto, a program for used car dealers, commercial auto for small trucks and utility vehicles, repair garages, towing firms, and short-haul trucking.

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Buyer(S) 1

Buyer

Motorists Mutual Insurance Co.

Columbus, Ohio, United States
Category Company
Founded 1928
Sector Insurance
DESCRIPTION

Motorists Mutual Insurance Co. is an affiliate of The Motorists Insurance Group, headquartered in Columbus, Ohio, which consists of 10 companies that market through 1,600 agencies across the Midwest, Northeast and Southeast regions.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
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