M&A Deal Summary

Protective Life Acquires ShelterPoint Life

On April 9, 2024, Protective Life acquired insurance company ShelterPoint Life

Acquisition Highlights
  • This is Protective Life’s 4th transaction in the Insurance sector.
  • This is Protective Life’s 8th transaction in the United States.
  • This is Protective Life’s 2nd transaction in New York.

M&A Deal Summary
Date 2024-04-09
Target ShelterPoint Life
Sector Insurance
Buyer(s) Protective Life
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
Fenchurch Advisory Partners Ltd. (Financial)
Winston & Strawn
Katten Muchin Rosenman (Legal)

Target

ShelterPoint Life

Garden City, New York, United States
short-term Life engages in the short-term disability market and is a provider of ancillary employee benefits through a network of over 6,000 agents and brokers, insuring more than 150,000 businesses and 1.4 million lives with licenses in 48 states and territories. ShelterPoint Life was founded in 1972 and is based in Garden City, New York.

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Buyer(S) 1

Buyer

Protective Life

Birmingham, Alabama, United States
Category Company
Founded 1907
Sector Insurance
Employees2,402
Revenue 4.0B USD (2013)
DESCRIPTION
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.

Protective Life Corporation provides financial services in the United States. The Company is engaged in the production, distribution, and administration of insurance and investment products. Protective Life Corp. was formed in 1907 and is headquartered in Birmingham, Alabama.

DEAL STATS #
Overall 8 of 8
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (New York) 2 of 2
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 AUL

Napa, California, United States

AUL is a provider of extended service contracts for higher mileage used cars. AUL offers a full suite of F&I products. AUL was founded in 1990 and is based in Napa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 Concourse Financial Group

Birmingham, Alabama, United States

Concourse Financial Group provides access to a full-range of advisory, brokerage, and insurance services. Concourse Financial Group is based in Birmingham, Alabama.

Sell -
Mergr

Product

Company

Legal