Old Republic International to Acquire Everett Cash Mutual Insurance

Keystone Insurers Group Acquires East Coast Risk Management

January 10, 2023

Professional Services

Keystone Insurers Group announced it has fully acquired the member shares of East Coast Risk Management (ECRM) and will integrate ECRM as Keystone’s risk management division. The transaction brings over 60 ECRM risk, HR and safety specialists into Keystone’s organization to expand its service capabilities for member agencies and increase the network’s service staff to more than 200.

Mutual Capital Group / Mutual Capital Holdings Acquires ICC Holdings, Inc. for $73.8M

March 13, 2025

Insurance

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.

EMCOR Group Acquires ECM Holding Group

July 5, 2023

Energy

EMCOR Group, Inc. has agreed to acquire ECM Holding Group, Inc., a national energy-efficiency specialty services firm headquartered in Oshkosh, Wisconsin, in an all-cash transaction. The acquisition expands EMCOR's energy efficiency and sustainability services capabilities, adding ECM's HVAC, lighting, water, weatherization and airflow management offerings (ECM had estimated 2023 revenues of $60 million).

Arch MI to Acquire RMIC Companies, Inc. from Old Republic

November 13, 2023

Insurance

Arch U.S. MI Holdings (Arch MI), a subsidiary of Arch Capital Group Ltd., has signed a definitive agreement to acquire RMIC Companies, Inc. and its subsidiaries, the run-off mortgage insurance business of Old Republic International Corporation. RMIC's approximately $1.0 billion risk-in-force portfolio will be integrated into Arch MI's U.S. primary mortgage portfolio; the transaction is expected to close in the first half of 2024, subject to regulatory approval.

Everus Construction Group Acquires SE&M Constructors

April 2, 2026

Industrial Services

Everus Construction Group (NYSE: ECG) acquired SE&M Constructors, Inc., SE&M of the Triangle, Inc., and SECO Rentals, LLC (collectively “SE&M”) for $158 million, subject to customary closing adjustments, funded with cash on hand. The transaction expands Everus’ mechanical services capabilities and grows its presence in the Southeast, with deeper exposure to industrial and pharmaceutical end markets.

Mercantile Bank Corporation Completes Merger With Eastern Michigan Financial Corporation

January 2, 2026

Financial Services

Mercantile Bank Corporation completed its previously announced merger with Eastern Michigan Financial Corporation (EFIN), combining two Michigan-based financial institutions in a cash-and-stock transaction valued at approximately $95.8 million. The deal expands Mercantile’s footprint in Eastern and Southeast Michigan and provides a transition period through first quarter 2027 before consolidating Eastern Michigan Bank into Mercantile Bank, subject to regulatory approvals.