Align Financial Holdings Acquires National Lloyds Corporation; Carriers Sold to ReAlign Insurance Holdings

Align Financial Holdings Acquires NationsBuilders Insurance Services

August 27, 2021

Insurance

Align Financial Holdings, a San Diego-based insurance holding company, has acquired NationsBuilders Insurance Services (NBIS), a Atlanta-headquartered program administrator and managing general underwriter specializing in crane & rigging, specialized transportation, concrete pump and equipment rental industries. SunTx Capital Partners, the prior owner, sold NBIS as part of a strategic move to expand Align's portfolio of specialty underwriting programs; financial terms were not disclosed.

Allstate Acquires National General Holdings

July 7, 2020

Insurance

The Allstate Corporation agreed to acquire National General Holdings Corporation for approximately $4.0 billion in cash (total $34.50 per share including expected closing dividends), a transaction expected to close in early 2021 subject to regulatory approvals. The deal expands Allstate's personal lines premiums by about $4.0 billion, increases market share among independent agent distribution, and is expected to be accretive to adjusted net income per share and ROE in the first year.

B. Riley Financial to Acquire National Holdings

January 11, 2021

Financial Services

B. Riley Financial has entered into a definitive agreement to acquire National Holdings Corporation, initiating an all-cash tender offer for the remaining shares it does not own at $3.25 per share. The deal will combine B. Riley's diversified financial services platform with National's investment banking, brokerage and wealth management businesses, materially expanding B. Riley's retail distribution and assets under management.

American Hardware & Lumber Insurance (AHLI) Acquires Assets of Neumann Insurance Services Agency

June 30, 2023

Financial Services

American Hardware & Lumber Insurance Agency, Inc. (AHLI) agreed to acquire the assets of Neumann Insurance Services Agency, LLC effective June 30, 2023. The transaction brings Scott Neumann and his team — including theWCmarketplace business — into AHLI and is intended to expand AHLI's geographic footprint and product capabilities for trade contractors and main street businesses.

Alliant Insurance Services Acquires Health Market Solutions, LLC

June 5, 2024

Insurance

Alliant Insurance Services has acquired Health Market Solutions, LLC (HMS), a Tampa-based direct-to-consumer health insurance agency focused on Affordable Care Act (ACA) under-65 individual plans. HMS will join Alliant Consumer Group to expand Alliant’s presence and capabilities in the fast-growing ACA marketplace; terms were not disclosed and the entire HMS team will join Alliant.

New Enterprise Associates-Led Syndicate Recapitalizes AllyAlign Health

July 19, 2021

Insurance

An investment syndicate led by New Enterprise Associates, Inc. completed a significant recapitalization of AllyAlign Health, a Medicare Advantage insurer focused on residents of senior housing communities. Health Enterprise Partners, an existing investor and founder backer, partnered with AllyAlign since inception; terms of the recapitalization were not disclosed and the capital is intended to support scaling the company's model across skilled nursing and senior housing.