M&A Deal Summary

Standard Diversified Acquires Tri-State Consumer Insurance

On December 10, 2018, Standard Diversified acquired insurance company Tri-State Consumer Insurance from WT Holdings for 54M USD

Acquisition Highlights
  • This is Standard Diversified’s 1st transaction in the Insurance sector.
  • This is Standard Diversified’s largest (disclosed) transaction.
  • This is Standard Diversified’s 1st transaction in the United States.
  • This is Standard Diversified’s 1st transaction in New York.

M&A Deal Summary
Date 2018-12-10
Target Tri-State Consumer Insurance
Sector Insurance
Buyer(s) Standard Diversified
Sellers(s) WT Holdings
Deal Type Divestiture
Deal Value 54M USD

Target

Tri-State Consumer Insurance

Jericho, New York, United States
Tri-State Consumer Insurance Co. is a New York State based, A.M. Best A- rated, admitted carrier offering homeowners and personal auto insurance in New York.

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Buyer(S) 1

Buyer

Standard Diversified

Mineola, New York, United States
Category Company
Founded 1990
Sector Consumer Products
Employees585
Revenue 366M USD (2018)
DESCRIPTION

Standard Diversified is a holding company that owns and operates subsidiaries in a variety of industries, including other tobacco products, outdoor advertising, and insurance. Standard Diversified was founded in 1990 and is based in Mineola, New York.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

WT Holdings

Memphis, Tennessee, United States
Category Company
Sector Insurance
DESCRIPTION

WT Holdings Inc. operates as a holding company, which through its subsidiaries provides insurance products and services.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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