M&A Deal Summary

Palisades Safety and Insurance Management Co. Acquires National Atlantic Holdings

On March 13, 2008, Palisades Safety and Insurance Management Co. acquired insurance company National Atlantic Holdings for 69M USD

Acquisition Highlights
  • This is Palisades Safety and Insurance Management Co.’s 1st transaction in the Insurance sector.
  • This is Palisades Safety and Insurance Management Co.’s largest (disclosed) transaction.
  • This is Palisades Safety and Insurance Management Co.’s 1st transaction in the United States.
  • This is Palisades Safety and Insurance Management Co.’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2008-03-13
Target National Atlantic Holdings
Sector Insurance
Buyer(s) Palisades Safety and Insurance Management Co.
Deal Type Add-on Acquisition
Deal Value 69M USD

Target

National Atlantic Holdings

Freehold, New Jersey, United States
National Atlantic Holdings Corporation is a provider of property and casualty insurance, and insurance-related services.

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Buyer(S) 1

Buyer

Palisades Safety and Insurance Management Co.

Berkeley Heights, New Jersey, United States

Category Company
Founded 1992
Sector Insurance
DESCRIPTION

Palisades Safety and Insurance Management Company is a provider of various auto insurance products to customers in New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1