Rains Insurance (SmartBank) Acquires Sunbelt Group, LLC

September 1, 2022

Rains Insurance, Inc., a wholly owned subsidiary of SmartFinancial/SmartBank, acquired the operating assets of Chattanooga-based Sunbelt Group, LLC (Sunbelt Insurance), effective September 1, 2022. The acquisition expands Rains' footprint in Tennessee and adds Sunbelt’s personal, commercial, life/health and transportation insurance capabilities to Rains' platform.

Buyers
Rains Insurance, Inc., SmartFinancial, Inc. (SmartBank)
Targets
Sunbelt Group, LLC (Sunbelt Insurance)
Sellers
Sunbelt Group, LLC
Industry
Insurance
Location
Tennessee, United States
Transaction Type
Buyout

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