M&A Deal Summary

Securian Financial Group Acquires Armour Group

On September 8, 2021, Securian Financial Group acquired financial services company Armour Group

Acquisition Highlights
  • This is Securian Financial Group’s 2nd transaction in the Financial Services sector.
  • This is Securian Financial Group’s 4th transaction in Canada.
  • This is Securian Financial Group’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-09-08
Target Armour Group
Sector Financial Services
Buyer(s) Securian Financial Group
Deal Type Add-on Acquisition

Target

Armour Group

London, Ontario, Canada
Armour Group is a distributor of credit and specialty property and casualty products through automobile dealers, recreational vehicle dealers and finance companies in Canada. Armour Group was founded in 1972 and is based in London, Ontario.

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Buyer(S) 1

Buyer

Securian Financial Group

St. Paul, Minnesota, United States
Category Company
Founded 1880
Sector Financial Services
Employees6,400
DESCRIPTION
Securian's corporate headquarters in St. Paul, Minnesota.
Securian's corporate headquarters in St. Paul, Minnesota.

Securian Financial Group is a diversified financial services company offering insurance, investments, and retirement plans and services to individuals and businesses. Securian was established in 1880 and is headquartered in St. Paul, Minnesota.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Ontario) 2 of 2
Country (Canada) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Empyrean Benefit Solutions

Houston, Texas, United States

Empyrean Benefit Solutions, Inc. is a provider of technology and services for managing large and middle-market employers’ health and benefits programs. Empyrean provides enrollment, eligibility management, and a range of other plan administration services to three distinct markets: employers, insurance brokers, and healthcare exchanges. Empyrean Benefit Solutions was founded in 2006 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Securian Financial - Retirement Plan Recordkeeping Business

St. Paul, Minnesota, United States

Securian Financial's Retirement Plan Recordkeeping Business have a complementary geographical footprint of customers and distribution partners. Securian Financial's Retirement Plan Recordkeeping Business is based in St. Paul, Minnesota.

Sell -
Mergr

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