M&A Deal Summary

National Penn Insurance Agency Acquires D.E. Love Associates

On November 30, 2004, National Penn Insurance Agency acquired insurance company D.E. Love Associates for 3M USD

Acquisition Highlights
  • This is National Penn Insurance Agency’s 1st transaction in the Insurance sector.
  • This is National Penn Insurance Agency’s largest (disclosed) transaction.
  • This is National Penn Insurance Agency’s 1st transaction in the United States.
  • This is National Penn Insurance Agency’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2004-11-30
Target D.E. Love Associates
Sector Insurance
Buyer(s) National Penn Insurance Agency
Deal Type Add-on Acquisition
Deal Value 3M USD
Advisor(s) PhiloSmith & Co. (Financial)

Target

D.E. Love Associates

Yardley, Pennsylvania, United States
D.E. Love Associates, Inc. is a insurance services provider. D.E. Love Associates designs an insurance program or benefits packages to their customers.

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Buyer(S) 1

Buyer

National Penn Insurance Agency

Doylestown, Pennsylvania, United States
Category Company
Founded 2001
Sector Insurance
DESCRIPTION

National Penn Insurance Agency, Inc. is a provider of commercial and personal insurance services.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 2
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-03 Krombolz Agency

West Chester, Pennsylvania, United States

Krombolz Agency, Inc. provides a full range of insurance services.

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