M&A Deal Summary |
|
|---|---|
| Date | 2017-06-27 |
| Target | Wells Fargo Insurance Services USA |
| Sector | Insurance |
| Buyer(s) | USI Insurance Services |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Insurance |
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 | 71 of 93 |
| Sector (Insurance) | 64 of 82 |
| Type (Divestiture) | 20 of 22 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 71 of 93 |
| Year (2017) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-30 |
Hartman Employee Benefits
Bellevue, Washington, United States Hartman Employee Benefits, Inc. is a provider of brokerage consulting, benefits administration technology and services, group and individual health insurance, voluntary employee benefits and group insurance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-26 |
David M. Banet & Associates
Exton, Pennsylvania, United States David M. Banet & Associates, Inc. is a provider of benefits consulting and administration, human capital management, and insurance brokerage and consulting services. David M. Banet & Associates, Inc. was established in 1995 and is based in Exton, Pennsylvania. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 222,544 |
| Revenue | 82.6B USD (2023) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 15 |
| Sector (Insurance) | 3 of 4 |
| Type (Divestiture) | 8 of 14 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 6 of 10 |
| Year (2017) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-03 |
General Electric - Commercial Distribution Finance Business
United States General Electric Co. - Commercial Distribution Finance Business is a provider of distribution services in European, Middle East and Africa (EMEA). The business includes North American Vendor Finance and Corporate Finance businesses. |
Buy | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-12 |
Shareowner Services
Mendota Heights, Minnesota, United States Shareowner Services is a provider of shareowner services in the U.S., including stock transfer agent, corporate action, and investment plan services to more than 1200 public and private companies across the U.S. |
Sell | $227M |
