M&A Deal Summary

Securian Financial Group Acquires The CRI Canada

On November 1, 2016, Securian Financial Group acquired insurance company The CRI Canada

Acquisition Highlights
  • This is Securian Financial Group’s 2nd transaction in the Insurance sector.
  • This is Securian Financial Group’s 3rd transaction in Canada.
  • This is Securian Financial Group’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2016-11-01
Target The CRI Canada
Sector Insurance
Buyer(s) Securian Financial Group
Deal Type Add-on Acquisition

Target

The CRI Canada

Burnaby, British Columbia, Canada
The CRI Canada Ltd. is a provider of customized loan and insurance point-of-sale technologies to Canadian credit unions.

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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 4 of 6
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Selient

Montreal, Quebec, Canada

Selient, Inc. provides financial institutions with Internet-delivered lending software via the Software As A Service (SaaS) model. The Company's offerings include ProLender, a consumer loan origination system; ProLender Business Edition, a commercial and agricultural lending system and Decision Assistant(TM), a credit risk decisioning tool.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Grove Point

Rockville, Maryland, United States

Grove Point is an independent wealth management firm that serves approximately 400 independent financial professionals with $15 billion in client assets. Grove Point was formed in 1984 and is based in Rockville, Maryland.

Sell -
Mergr

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