M&A Deal Summary

State National Companies Acquires United National Specialty Insurance

On May 13, 2016, State National Companies acquired insurance company United National Specialty Insurance from Diamond State Insurance for 7M USD

Acquisition Highlights
  • This is State National Companies’ 1st transaction in the Insurance sector.
  • This is State National Companies’ largest (disclosed) transaction.
  • This is State National Companies’ 1st transaction in the United States.

M&A Deal Summary
Date 2016-05-13
Target United National Specialty Insurance
Sector Insurance
Buyer(s) State National Companies
Sellers(s) Diamond State Insurance
Deal Type Divestiture
Deal Value 7M USD

Target

United National Specialty Insurance

United States
United National Specialty Insurance Co. is a provider of property and casualty insurance services.

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Buyer(S) 1

Buyer

State National Companies

Bedford, Texas, United States
Category Company
Founded 1973
Sector Insurance
Employees400
Revenue 217M USD (2016)
DESCRIPTION

State National Companies, Inc. is an insurance services company. State National is a provider of services to specialty general agents and collateralized lenders through its program services and lender services lines of business.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Diamond State Insurance

Bala Cynwyd, Pennsylvania, United States
Category Company
Founded 2007
Sector Insurance
DESCRIPTION

Diamond State Group is a provider of insurance products and services.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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