M&A Deal Summary

Shore Bancshares Acquires Avon-Dixon Agency

On December 17, 2018, Shore Bancshares acquired insurance company Avon-Dixon Agency from Alera Group for 27M USD

Acquisition Highlights
  • This is Shore Bancshares’ 1st transaction in the Insurance sector.
  • This is Shore Bancshares’ largest (disclosed) transaction.
  • This is Shore Bancshares’ 2nd transaction in the United States.
  • This is Shore Bancshares’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2018-12-17
Target Avon-Dixon Agency
Sector Insurance
Buyer(s) Shore Bancshares
Sellers(s) Alera Group
Deal Type Divestiture
Deal Value 27M USD

Target

Avon-Dixon Agency

Easton, Maryland, United States
Avon-Dixon Agency, Inc. is an insurance agency that provides insurance and advisory services. Avon-Dixon Agency, Inc. was founded in 1850 and is based in Easton, Maryland.

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Buyer(S) 1

Buyer

Shore Bancshares

Easton, Maryland, United States
Category Company
Founded 1876
Sector Financial Services
Employees610
Revenue 160M USD (2023)
DESCRIPTION

Shore Bancshares is a financial holding company. Shore Bancshares was founded in 1876 and is based in Easton, Maryland.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Northwest Bancshares - Three Branches

Baltimore, Maryland, United States

Northwest Bancshares, Inc. - Three Branches is a provider of financial services located in the greater Baltimore, Maryland metropolitan area with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 The Avon-Dixon Insurance Agency

Easton, Maryland, United States

The Avon-Dixon Insurance Agency LLC is a full-service insurance agency that began providing insurance solutions to residents and businesses in Talbot County in 1850. The Avon-Dixon Insurance Agency LLC provides clients in the Mid-Atlantic region with property & casualty and employee benefits solutions, with specialties in yacht and boating insurance and professional trucking coverage.

Sell -

Seller(S) 1

SELLER

Alera Group

Deerfield, Illinois, United States
Category Company
Founded 2016
Sector Insurance
DESCRIPTION

Alera Group is an independent insurance and wealth management firm?offering comprehensive employee benefits, property and casualty, retirement services, and wealth management solutions to clients nationwide. Alera Group was founded in 2016 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Bailey & Company Benefits Group

Cincinnati, Ohio, United States

Bailey & Company Benefits Group specializes in a wide variety of employee benefit programs. Bailey & Company helps its clients ranging from mid-sized privately held businesses to publicly traded companies maximize the return on their employee benefits investments by customizing a plan for each client’s individual needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 The Avon-Dixon Insurance Agency

Easton, Maryland, United States

The Avon-Dixon Insurance Agency LLC is a full-service insurance agency that began providing insurance solutions to residents and businesses in Talbot County in 1850. The Avon-Dixon Insurance Agency LLC provides clients in the Mid-Atlantic region with property & casualty and employee benefits solutions, with specialties in yacht and boating insurance and professional trucking coverage.

Buy -
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