Blackstone Acquires Allstate Life Insurance Company (Everlake Life) for $2.8B

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.

Nationwide Acquires Allstate Employer Stop Loss Business for $1.25B

July 1, 2025

Insurance

Nationwide has completed the $1.25 billion acquisition of The Allstate Corporation's employer stop loss segment, closing the agreement announced Jan. 30, 2025. The business will join Nationwide's newly formed Group Benefits segment led by Lindsey Murray and expands Nationwide's capabilities to sell stop-loss insurance to small businesses.

National Guardian Life Acquires Everplans

January 25, 2021

Cloud & SaaS

National Guardian Life Insurance Company (NGL) has acquired Everplans, a New York City–based digital life-planning platform. Everplans will operate as a wholly owned subsidiary of NGL and will continue serving its consumer and advisor customers while leveraging NGL’s capital and distribution to accelerate product development and digital transformation.

Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)

May 2, 2024

Insurance

Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.

Silver Lake Takes Significant Stake in EverCommerce

July 23, 2019

Cloud & SaaS

Silver Lake will acquire a significant ownership stake in EverCommerce and will partner with existing majority shareholder Providence Strategic Growth (PSG). The investment will support EverCommerce's continued acquisitions of technology solutions and expansion of its shared services and center of excellence capabilities to accelerate growth.

Blackstone Acquires PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate completed the acquisition of all outstanding shares of PS Business Parks, Inc. for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion. The deal brings PSB's portfolio—93 properties serving ~4,800 tenants across ~27 million square feet (plus ~800 residential units)—into Blackstone's real estate platform (operated via Link Logistics), expanding its industrial/industrial-flex and suburban office footprint.