M&A Deal Summary

The South Financial Group Acquires Bowditch Insurance

On June 10, 2005, The South Financial Group acquired insurance company Bowditch Insurance

Acquisition Highlights
  • This is The South Financial Group’s 1st transaction in the Insurance sector.
  • This is The South Financial Group’s 1st transaction in the United States.
  • This is The South Financial Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2005-06-10
Target Bowditch Insurance
Sector Insurance
Buyer(s) The South Financial Group
Deal Type Add-on Acquisition

Target

Bowditch Insurance

Jacksonville, Florida, United States
Bowditch Insurance Corp. focuses on general commercial insurance services, but also provides personal, life and group related insurance, as well as risk management, cost control, premium allocation and other related services. It has two offices in the greater Jacksonville area.

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Buyer(S) 1

Buyer

The South Financial Group

Greenville, South Carolina, United States

Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

The South Financial Group consists of Carolina First Bank, which operates under the Carolina First brand in the Carolinas and the Mercantile Bank, which operates in Florida.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1