M&A Deal Summary

USI Insurance Services Acquires TD Insurance

On August 22, 2012, USI Insurance Services acquired insurance company TD Insurance from TD Banknorth

Acquisition Highlights
  • This is USI Insurance Services’ 30th transaction in the Insurance sector.
  • This is USI Insurance Services’ 33rd transaction in the United States.
  • This is USI Insurance Services’ 1st transaction in Maine.

M&A Deal Summary
Date 2012-08-22
Target TD Insurance
Sector Insurance
Buyer(s) USI Insurance Services
Sellers(s) TD Banknorth
Deal Type Divestiture
Advisor(s) Colonnade Advisors LLC (Financial)
Bingham McCutchen LLP (Legal)

Target

TD Insurance

Portland, Maine, United States
TD Insurance is a bank-owned insurance agency. The Company has been serving the insurance needs of consumers, small businesses and corporate clients with a full range of coverage offerings for more than 100 years, and today protects more than half a million personal and business customers.

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Buyer(S) 1

Buyer

USI Insurance Services

Valhalla, New York, United States
Category Company
Founded 1994
Sector Insurance
DESCRIPTION

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

DEAL STATS #
Overall 33 of 93
Sector (Insurance) 30 of 82
Type (Divestiture) 9 of 22
State (Maine) 1 of 1
Country (United States) 33 of 93
Year (2012) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-20 Suncoast Insurance Associates

Tampa, Florida, United States

Suncoast Insurance Associates, Inc. specializes in serving the design industry, including architectural and engineering businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 Wick Pilcher Insurance

Phoenix,, Arizona, United States

Wick Pilcher Insurance is a second generation independent insurance agency with more than 20 years experience. The Pilcher family has been in the insurance industry since 1950, providing insurance solutions to businesses and individuals throughout Arizona. Competitive pricing, professional team members and exceptional individualized client services set the agency apart from its competitors.

Buy -

Seller(S) 1

SELLER

TD Banknorth

Cherry Hill, New Jersey, United States
Category Company
Founded 1852
Sector Financial Services
DESCRIPTION

TD Banknorth Inc. is a banking and financial services company headquartered in Cherry Hill, New Jersey and a majority-owned subsidiary of TD Bank Financial Group.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (Maine) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Flatiron Credit Company

Denver, Colorado, United States

Flatiron Credit Company, Inc. handles insurance premium finance contracts for commercial property and casualty insurance through a national network of insurance agents and insurance brokers, managing general agents and insurance companies.

Sell -
Mergr

Product

Company

Legal