M&A Deal Summary

Sunstar Insurance Group Acquires Bovard Insurance Group

On November 1, 2013, Sunstar Insurance Group acquired insurance company Bovard Insurance Group

Acquisition Highlights
  • This is Sunstar Insurance Group’s 3rd transaction in the Insurance sector.
  • This is Sunstar Insurance Group’s 3rd transaction in the United States.
  • This is Sunstar Insurance Group’s 1st transaction in Kansas.

M&A Deal Summary
Date 2013-11-01
Target Bovard Insurance Group
Sector Insurance
Buyer(s) Sunstar Insurance Group
Deal Type Add-on Acquisition

Target

Bovard Insurance Group

Mission, Kansas, United States
Bovard Insurance Group specializes in handling the commercial insurance needs of corporate clients in that market. Company offer a broad spectrum of insurance products that support our business lines of commercial insurance, personal insurance, employee benefits insurance and surety bonding.

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Buyer(S) 1

Buyer

Sunstar Insurance Group

Memphis, Tennessee, United States
Category Company
Founded 2012
Sector Insurance
DESCRIPTION

Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was formed in 2012 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 3 of 11
Sector (Insurance) 3 of 11
Type (Add-on Acquisition) 2 of 10
State (Kansas) 1 of 4
Country (United States) 3 of 11
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 First Delta Insurance

West Helena, Arkansas, United States

First Delta Insurance serves clients throughout the Mississippi delta with its expertise in the agriculture industry. Company are committed to establishing trust and a long-lasting relationship with clients. Company dedicated staff will work closely to develop an insurance plans to suit needs of customers. Located in the heart of the delta region, company focus a large part on the risk and exposure of the agriculture industry and staff is also fully trained to handle commercial insurance,employee benefits, and personal insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Lakenan Insurance Agency

Ste. Genevieve, Missouri, United States

Lakenan Insurance Agency is the largest insurance agency in that region. Lakenan is a multi-faceted independent insurance broker dedicated to providing the resources, products, and expertise to assist client partners in reducing risk, securing assets, and protecting their future. As a risk management partner, Lakenan concentrates on analyzing and minimizing client risks and exposures, offering a variety of resources, aids, and expertise to protect clients with the best coverage and practices for the maximum value per premium dollar.

Buy -
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