Kemper Corporation (NYSE: KMPR) announced today that it has closed its previously announced acquisition of American Access Casualty Company (AAC) and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries. AAC provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas. Pursuant to the terms of the acquisition […]
Boyd Group Acquires Three Collision Repair Centers in Florida
The Boyd Group Inc. announced the acquisition of three collision repair centers in Tallahassee, Fla. These locations operated as Universal Collision, the first opening in 2001. Tallahassee is the state capital of Florida, county seat of Leon County and home to Florida State University and Florida A&M universities. With a population approaching 200,000 people, Tallahassee […]
Crash Champions Acquires Collision Repair Center in Illinois
Crash Champions, LLC announced March 29 the acquisition of Collision Repair Center, Inc. in East Moline, Ill., adding to its growing national footprint. This acquisition follows the company’s 2020 acquisitions of Chicago Collision, DuPage Auto Body and Albany Auto Body in the greater Chicago area, as well as Arnold’s Auto Body, Inc., in nearby Davenport, […]
Hertz Completes Sale Donlen Corporation
Hertz Global Holdings, Inc. (OTCPK: HTZGQ) today announced the completion of the sale of its wholly-owned subsidiary, Donlen Corporation to Athene Holding Ltd. (NYSE: ATH) that was announced in November. Hertz received $891 million in cash proceeds per the terms of the transaction, subject to certain adjustments post-closing based on the level of assumed indebtedness, […]
Allstate Completes Exit of Life and Annuity Businesses
The Allstate Corporation (NYSE: ALL) has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY). The transaction is expected to close in the second half of 2021, subject to regulatory approval and other closing conditions. This transaction, along with the agreement announced […]
asTech Acquires Red EU and Red Autocentres
Repairify, Inc., the parent of asTech announced today the acquisition of UK-based Red (EU) Limited and Red Autocentres. Red (EU) Limited is a distributor of aftermarket electronic devices designed to run diagnostic tests and calibration services on automotive electrical systems, specifically advanced driver-assistance systems (ADAS). Red Autocentres is a provider of automotive diagnostics, calibration and […]
The Hartford Board Rejects Chubb Acquisition Proposal
The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]
Classic Collision Acquires Collision Repair Center in Atlanta
Classic Collision, LLC announced it acquired Bentley’s Collision Center in the Atlanta, Ga. market. Classic Collision now has 31 Georgia locations and operates 66 centers total in Georgia, Florida, Alabama, South Carolina, and California. Bentley’s Collision Center is a family owned and operated Certified Body Shop that has been in business for over 41 years. […]
Chubb Limited Proposes to Acquire The Hartford
Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is […]
SPAC Merger Talks Involving Solera Holdings Reportedly Halted
Bloomberg yesterday reported that merger talks have halted between the special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (APSG) and Vista Equity Partners to merge with three of Vista’s automotive software portfolio companies, including Solera Holdings. According to Bloomberg, the talks involved a potential $15 billion transaction that would have merged Solera Holdings, Inc., […]
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