Mutual Capital Group / Mutual Capital Holdings Acquires ICC Holdings, Inc. for $73.8M
March 13, 2025
Mutual Capital Holdings, a subsidiary of Mutual Capital Group, has closed its all-cash merger to acquire ICC Holdings, Inc., the parent of Illinois Casualty Company, for approximately $73.8 million. ICC Holdings will operate as an independent subsidiary under Mutual Capital, with Arron K. Sutherland remaining as President and CEO.
- Buyers
- Mutual Capital Holdings, Inc., Mutual Capital Group, Inc.
- Targets
- ICC Holdings, Inc.
- Sellers
- Shareholders of ICC Holdings, Inc.
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Buyout
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