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  6. Southland National Insurance Acquires Colorado Bankers Life Insurance Co.

M&A Deal Summary

Southland National Insurance Acquires Colorado Bankers Life Insurance Co.

On July 21, 2015, Southland National Insurance acquired insurance company Colorado Bankers Life Insurance Co. from Dearborn National Life Insurance Co.

Acquisition Highlights
  • This is Southland National Insurance’s 1st transaction in the Insurance sector.
  • This is Southland National Insurance’s 1st transaction in the United States.
  • This is Southland National Insurance’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-07-21
Target Colorado Bankers Life Insurance Co.
Sector Insurance
Buyer(s) Southland National Insurance
Sellers(s) Dearborn National Life Insurance Co.
Deal Type Divestiture

Target

Colorado Bankers Life Insurance Co.

Greenwood Village, Colorado, United States
Colorado Bankers Life Insurance Co. is a provider of voluntary, supplemental benefit products through payroll deduction programs with U.S. business owners that yield two advantages: 1) employees receive convenient and affordable financial protection for themselves and their families; 2) employers offer greater insurance choices to their employees without incurring additional cost or obligation to themselves.

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Buyer(S) 1

Buyer

Southland National Insurance

Tuscaloosa, Alabama, United States
Category Company
Founded 1969
Sector Insurance
DESCRIPTION

Southland National Insurance Corp. is a provider of business of life insurance, annuities and group dental insurance.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Dearborn National Life Insurance Co.

Downers Grove, Illinois, United States
Category Company
Founded 1969
Sector Insurance
DESCRIPTION

Dearborn National Life Insurance Co. is a provider of insurance services.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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