M&A Deal Summary

Nationwide Mutual Insurance Acquires Harleysville Group

On May 1, 2012, Nationwide Mutual Insurance acquired insurance company Harleysville Group for 834M USD

Acquisition Highlights
  • This is Nationwide Mutual Insurance’s 1st transaction in the Insurance sector.
  • This is Nationwide Mutual Insurance’s largest (disclosed) transaction.
  • This is Nationwide Mutual Insurance’s 2nd transaction in the United States.
  • This is Nationwide Mutual Insurance’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-05-01
Target Harleysville Group
Sector Insurance
Buyer(s) Nationwide Mutual Insurance
Deal Type Add-on Acquisition
Deal Value 834M USD
Advisor(s) Credit Suisse Investment Banking
Griffin Financial Group LLC
Keefe, Bruyette, & Woods, Inc. (Financial)
Ballard Spahr
Fox Rothschild (Legal)

Target

Harleysville Group

Harleysville, Pennsylvania, United States
Harleysville Group, Inc. is an insurance company. Harleysville markets its insurance products to individuals, and small and medium-sized businesses through independent agents.

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Buyer(S) 1

Buyer

Nationwide Mutual Insurance

Columbus, Ohio, United States
Category Company
Founded 1925
Sector Insurance
DESCRIPTION
Nationwide office in Raleigh, North Carolina.
Nationwide office in Raleigh, North Carolina.

Nationwide is a diversified insurance and financial services organization that provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. Nationwide was formed in 1925 and is based in Columbus, Ohio.

DEAL STATS #
Overall 3 of 5
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 The 401 Company

Austin, Texas, United States

Based in Austin, Texas and founded in 1983, The 401(k) Company offers defined contribution plan administration to more than 100 companies, serving 400,000 retirement plan participants around the country.

Sell $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 Jefferson National Financial

Louisville, Kentucky, United States

Jefferson National Financial Corp. is a provider of tax-advantaged investing solutions for registered investment advisors (RIAs), fee-based advisors and the clients they serve.

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