M&A Deal Summary

Xome Acquires Assurant Mortgage Solutions Group

On August 2, 2018, Xome acquired financial services company Assurant Mortgage Solutions Group from Assurant for 35M USD

Acquisition Highlights
  • This is Xome’s 1st transaction in the Financial Services sector.
  • This is Xome’s largest (disclosed) transaction.
  • This is Xome’s 1st transaction in the United States.
  • This is Xome’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-08-02
Target Assurant Mortgage Solutions Group
Sector Financial Services
Buyer(s) Xome
Sellers(s) Assurant
Deal Type Divestiture
Deal Value 35M USD

Target

Assurant Mortgage Solutions Group

Indianapolis, Indiana, United States
website
Assurant Mortgage Solutions Group is a provider of financial services to clients proactively manage risk across the mortgage lifecycle. Assurant Mortgage Solutions is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Xome

Lewisville, Texas, United States

website


Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Xome is a provider of proprietary real estate exchange and national real estate services. Xome was formed in 2015 and is based in Lewisville, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Real Estate Digital

Aliso Viejo, California, United States

Real Estate Digital LLC is a provider data management, CRM and website solutions for real estate franchisors, brokerages, agents and MLS associations. Real Estate Digital LLC was established in and is based in Aliso Viejo, California.

Sell -

Seller(S) 1

SELLER

Assurant

New York, New York, United States

website


Category Company
Founded 1892
Sector Insurance
Employees13,700
Revenue 10.2B USD (2022)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 2 of 3
Type (Divestiture) 3 of 4
State (Indiana) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 The Warranty Group

Chicago, Illinois, United States

The Warranty Group, Inc. is a provider of warranty management, compliance, insurance, and underwriting services for consumer electronics, automotive, and credit card enhancements in the United States. The Warranty Group was formed in 1964 and is based in Chicago, Illinois.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Cell Phone Repair

Independence, Ohio, United States

Cell Phone Repair (CPR) is one of the largest global franchisors of mobile device repair stores with more than 700 locations across several countries, the majority of which are in the US. The CPR franchise specializes in a wide variety of electronic device repairs including smartphones, computers, laptops, game consoles, cameras and mp3 players. CPR franchise stores also offer consumers the ability to sell and buy pre-owned devices at their local store. CPR’s roots go back to 1996 with the opening of its first walk-in cell phone repair shop in Orlando, Florida.

Buy -