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  6. Surety Capital Acquires Herrera Financial Co.

M&A Deal Summary

Surety Capital Acquires Herrera Financial Co.

On February 10, 2011, Surety Capital acquired insurance company Herrera Financial Co.

Acquisition Highlights
  • This is Surety Capital’s 1st transaction in the Insurance sector.
  • This is Surety Capital’s 1st transaction in the United States.
  • This is Surety Capital’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-02-10
Target Herrera Financial Co.
Sector Insurance
Buyer(s) Surety Capital
Deal Type Add-on Acquisition

Target

Herrera Financial Co.

Fort Worth, Texas, United States
Herrera Financial Co. is a funeral insurance assignment company provides funeral or cemetery assignment funding benefits services.

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Buyer(S) 1

Buyer

Surety Capital

Fort Worth, Texas, United States
Category Company
Sector Financial Services
DESCRIPTION

Surety Capital Corp. (dba Herrera Financial Co.) is a provider of immediate funds to families to bury their loved one and loans are secured with illiquid assets that become liquid in less than 45 days.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
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