M&A Deal Summary

Wellfleet Group Acquires National Guardian Life Insurance Co. - Student and Special Risk Business

On August 28, 2019, Wellfleet Group acquired insurance company National Guardian Life Insurance Co. - Student and Special Risk Business from National Guardian Life Insurance Co.

Acquisition Highlights
  • This is Wellfleet Group’s 1st transaction in the Insurance sector.
  • This is Wellfleet Group’s 1st transaction in the United States.
  • This is Wellfleet Group’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-08-28
Target National Guardian Life Insurance Co. - Student and Special Risk Business
Sector Insurance
Buyer(s) Wellfleet Group
Sellers(s) National Guardian Life Insurance Co.
Deal Type Divestiture

Target

National Guardian Life Insurance Co. - Student and Special Risk Business

Wisconsin, United States
National Guardian Life Insurance Co. - Student and Special Risk Business provides the ability to renew business with a highly respected insurer who will deliver quality service.

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Buyer(S) 1

Buyer

Wellfleet Group

Springfield, Massachusetts, United Kingdom

Category Company
Founded 1993
Sector Insurance
DESCRIPTION

Wellfleet Group LLC is a provider of health and accident insurance products, offering protection through every stage of life from grade school to the workplace. The company offers products, services, and solutions under four distinct brand lines: Wellfleet Student (formerly CHP Student Health), Wellfleet Workplace, Wellfleet Special Risk, and Wellfleet Rx. Wellfleet was formed in 1993 and is based in Springfield, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

National Guardian Life Insurance Co.

Madison, Wisconsin, United States

Category Company
Founded 1910
Sector Insurance
DESCRIPTION

National Guardian Life Insurance Co. is a mutual insurance company licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group markets products including specialty insurance. NGL was formed in 1910 and is based in Madison, Wisconsin.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Everplans

New York, New York, United States

Founded in 2012 by Abby Schneiderman and Adam Seifer, Everplans helps people organize, store, securely share and keep up to date all the important plans and information they need throughout their life and that their family would need in the event of an emergency. Everplans serves the clients, policyholders, and employees of 400+ companies, including some of the largest providers of insurance and financial services.

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