MagMutual Acquires MDAdvantage Insurance Company of New Jersey
August 15, 2022
MagMutual Insurance Company has agreed to acquire MDAdvantage Insurance Company of New Jersey from MDAdvantage Holdings, Inc., subject to regulatory and shareholder approvals. The deal expands MagMutual’s presence in the Northeast while MDAdvantage will continue operating under its current name and maintain its New Jersey hub.
- Buyers
- MagMutual Insurance Company
- Targets
- MDAdvantage Insurance Company of New Jersey
- Sellers
- MDAdvantage Holdings, Inc. shareholders
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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