M&A Deal Summary

Sunstar Insurance Group Acquires Strong s Insurance

On July 25, 2018, Sunstar Insurance Group acquired insurance company Strong s Insurance

Acquisition Highlights
  • This is Sunstar Insurance Group’s 10th transaction in the Insurance sector.
  • This is Sunstar Insurance Group’s 10th transaction in the United States.
  • This is Sunstar Insurance Group’s 4th transaction in Kansas.

M&A Deal Summary
Date 2018-07-25
Target Strong s Insurance
Sector Insurance
Buyer(s) Sunstar Insurance Group
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

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.

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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 10 of 11
Sector (Insurance) 10 of 11
Type (Add-on Acquisition) 9 of 10
State (Kansas) 4 of 4
Country (United States) 10 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 PJC Insurance Agency

Springfield, Missouri, United States

PJC Insurance Agency LLC is an independent insurance agency represent over 120 insurance companies. Both commercial and personal lines insurance carriers offer automated programs to complete and submit applications to underwriters online, and, in some cases, bind business online, providing customers with a quick turnaround.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 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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