M&A Deal Summary

NI Holdings Acquires Westminster American Insurance

On January 3, 2020, NI Holdings acquired insurance company Westminster American Insurance

Acquisition Highlights
  • This is NI Holdings’ 2nd transaction in the Insurance sector.
  • This is NI Holdings’ 2nd transaction in the United States.
  • This is NI Holdings’ 1st transaction in Maryland.

M&A Deal Summary
Date 2020-01-03
Target Westminster American Insurance
Sector Insurance
Buyer(s) NI Holdings
Deal Type Add-on Acquisition
Advisor(s) Venable LLP (Legal)

Target

Westminster American Insurance

Owings Mills, Maryland, United States
Westminster American Insurance Co. is a provider of insurance services. Westminster American Insurance is based in Owings Mills, Maryland.

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Buyer(S) 1

Buyer

NI Holdings

Fargo, North Dakota, United States
Category Company
Founded 1946
Sector Insurance
Employees219
Revenue 366M USD (2023)
DESCRIPTION

NI Holdings is an insurance holding company providing insurance services. NI Holdings was founded in 1946 and is based in Fargo, North Dakota.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Direct Auto Insurance

Chicago, Illinois, United States

Direct Auto Insurance Co. is an underwrites specialty automobile insurance in the state of Illinois through independent agents. Direct Auto Insurance is based in Chicago, Illinois.

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