mergers and acquistions News

Samsung Pays $8B to Acquire Auto Tech Company

Samsung Electronics’ $8 billion acquisition of the U.S. auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infotainment, software and connected car technology. …

Coverys Finalizes Acquisition of PPIC

Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha, Nebraska. PPIC was formerly owned by 18 Catholic healthcare systems, seven of which are in …

American Family Insurance to Acquire Permanent General

American Family Insurance has reached an agreement to acquire PGC Holdings Corp. (Permanent General Companies) and its subsidiaries, including non-standard auto insurers Permanent General and The General. The agreement was announced by American Family and Capital Z Partners, majority owner …

Austin Mutual Insurance Company to Become Affiliate of The Main Street America Group

The Main Street America Group, a regional property casualty insurance carrier, and Austin Mutual Insurance Company, a Minnesota-domiciled regional P&C carrier, have reached an agreement to establish Austin Mutual as an affiliate of Main Street America. The affiliation agreement, approved …