M&A Deal Summary

Premier Financial Acquires Payak-Dubbs Insurance Agency

On January 7, 2011, Premier Financial acquired insurance company Payak-Dubbs Insurance Agency

Acquisition Highlights
  • This is Premier Financial’s 3rd transaction in the Insurance sector.
  • This is Premier Financial’s 4th transaction in the United States.
  • This is Premier Financial’s 3rd transaction in Ohio.

M&A Deal Summary

Date 2011-01-07
Target Payak-Dubbs Insurance Agency
Sector Insurance
Buyer(s) Premier Financial
Deal Type Add-on Acquisition
Advisor(s) Niehaus & Associates (Legal)

Target

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.

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Buyer(S) 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 STATS #
Overall 4 of 7
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 5
State (Ohio) 3 of 6
Country (United States) 4 of 7
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-20 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 First Community Bank

Ohio, United States

First Community Bank is a provider of financial services. First Community had assets of $101.4 million, loans of $65.4 million, deposits of $90.5 million and common equity of $10.6 million.

Buy -