M&A Deal Summary

TIH Insurance Holdings Acquires BankDirect Capital Finance

On September 6, 2022, TIH Insurance Holdings acquired insurance company BankDirect Capital Finance from Texas Capital BancShares

Acquisition Highlights
  • This is TIH Insurance Holdings’ 3rd transaction in the Insurance sector.
  • This is TIH Insurance Holdings’ 5th transaction in the United States.
  • This is TIH Insurance Holdings’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-09-06
Target BankDirect Capital Finance
Sector Insurance
Buyer(s) TIH Insurance Holdings
Sellers(s) Texas Capital BancShares
Deal Type Divestiture

Target

BankDirect Capital Finance

Lake Forest, Illinois, United States
BankDirect Capital Finance is a provider of insurance financing solutions, products, and services. BankDirect Capital Finance was founded in 2005 and is based in Lake Forest, Illinois.

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Buyer(S) 1

Buyer

TIH Insurance Holdings

Charlotte, North Carolina, United States
Category Company
Sector Insurance
DESCRIPTION

TIH Insurance Holdings is an insurance broker that operates more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and it's Premium Finance companies (AFCO Credit Corporation, Prime Rate Premium Finance Corporation, Inc., and CAFO Inc.). TIH Insurance Holdings is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 5
Sector (Insurance) 3 of 3
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 BenefitMall

Dallas, Texas, United States

BenefitMall is a national provider of employee benefits, payroll, HR and employer services. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform. BenefitMall was founded in 1979 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Texas Capital BancShares

Dallas, Texas, United States
Category Company
Founded 1996
Sector Financial Services
Employees1,641
Revenue 1.2B USD (2018)
DESCRIPTION

Texas Capital BancShares, Inc. is a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Texas Capital BancShares was founded in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Budget Installment

Rockville Centre, New York, United States

Budget Installment Corporation is a provider of insurance premium financing services.

Buy -
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