Add-on Acquisition • Insurance

Sunstar Insurance Group Acquires Farris Insurance Agency

On June 2, 2020, Sunstar Insurance Group acquired insurance company Farris Insurance Agency

Acquisition Context
  • This is Sunstar Insurance Group’s 11th transaction in the Insurance sector.
  • This is Sunstar Insurance Group’s 11th transaction in the United States.
  • This is Sunstar Insurance Group’s 1st transaction in Arizona.

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M&A Deal Summary

Date June 2, 2020
Target Farris Insurance Agency
Sector Insurance
Buyer(s) Sunstar Insurance Group
Deal Type Add-on Acquisition

Target Company

Farris Insurance Agency

Springdale, Arizona, United States
Farris Insurance Agency, Inc. caters primarily to commercial insurance needs, delivering excellence in service to its clients. While Farris Insurance Agency specializes in commercial insurance requirements, they also provide specialized insurance services to the poultry industry in Northwest Arkansas. As an independent agent, Farris has access to a variety of carriers to provide you with quality insurance at affordable prices from commercial insurance for businesses large and small to individuals, home, and auto. Farris Insurance Agency was founded in 1973 and is based in Springdale, Arizona.
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Buyer Overview 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 founded in 2012 and is based in Memphis, Tennessee.


Deal Context for Buyer #
Overall 11 of 11
Sector: Insurance 11 of 11
Type: Add-on Acquisition 10 of 10
State: Arizona 1 of 1
Country: United States 11 of 11
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Strong s Insurance

Nashville, Kansas, United States

Strong's Insurance, Inc. is an insurance firm provides personal insurance, farm and crop insurance, and business insurance solutions to clients through its six offices.

Buy -