Divestiture • Insurance

Premier Financial Acquires Andres O Neil and Lowe Insurance Agency - Employee Benefits Insurance Line of Business

On May 20, 2010, Premier Financial acquired insurance company Andres O Neil and Lowe Insurance Agency - Employee Benefits Insurance Line of Business from Andres O Neil and Lowe Insurance Agency

Acquisition Context
  • This is Premier Financial’s 2nd transaction in the Insurance sector.
  • This is Premier Financial’s 3rd transaction in the United States.
  • This is Premier Financial’s 2nd transaction in Ohio.

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M&A Deal Summary

Date May 20, 2010
Target Andres O Neil and Lowe Insurance Agency - Employee Benefits Insurance Line of Business
Sector Insurance
Buyer(s) Premier Financial
Sellers(s) Andres O Neil and Lowe Insurance Agency
Deal Type Divestiture

Target Company

Andres O Neil and Lowe Insurance Agency - Employee Benefits Insurance Line of Business

Ohio, United States
Andres O'Neil and Lowe Insurance Agency - Employee Benefits Insurance Line of Business is a provider of insurance services in US.
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Buyer Overview 1

Buyer

Premier Financial

Defiance, Ohio, United States

Category Company
Founded 1920
Sector Financial Services
Employees944
Revenue 301M USD (2023)
DESCRIPTION

Premier Financial is a holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal Bank operates 34 full-service branches and numerous ATM locations in northwest Ohio, southeast Michigan and northeast Indiana and a loan production office in Columbus, Ohio. First Insurance Group is a full-service insurance agency with six offices throughout northwest Ohio. Premier Financial was founded in 1920 and is based in Defiance, Ohio.


Deal Context for Buyer #
Overall 3 of 7
Sector: Insurance 2 of 3
Type: Divestiture 1 of 1
State: Ohio 2 of 6
Country: United States 3 of 7
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 Pavilion Bancorp

Adrian, Michigan, United States

Pavilion Bancorp, Inc. is a provider of financial services through a network of eight branch offices and nine ATMs located in Lenawee and Hillsdale counties in Michigan. The bank also offers mortgage products provided by Pavilion Mortgage Company, a subsidiary of the Bank of Lenawee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Payak-Dubbs Insurance Agency

Maumee, Ohio, United States

Payak-Dubbs Insurance Agency, Inc. is an independent property and casualty insurance agency with two office locations based in Maumee and Oregon, Ohio.

Buy -

Seller Profile 1

SELLER

Andres O Neil and Lowe Insurance Agency

Bryan, Ohio, United States

Category Company
Founded 1923
Sector Insurance
DESCRIPTION

Andres O'Neil and Lowe Insurance Agency, Inc. is a provider of insurance services.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2010 1 of 1