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New Deal


Announced

Completed

Plymouth Rock Assurance completes the acquisition of Rider Insurance Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

insurance

Insurance Brokers

Private

Natural

United States

Single Bidder

Completed

Synopsis

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Plymouth Rock Assurance, an insurance company, has completed the acquisition of Rider Insurance Company, a motorcycle insurance carrier. Financial terms were not disclosed. The acquisition creates an opportunity for Plymouth Rock to invest more deeply in the motorcycle insurance segment, while also allowing the company to market its auto and home insurance products to Rider customers. For Rider, the transaction places its valued customers and business partners with an A.M. Best A- (“Excellent”) rated company with the scale, financial resources and expertise to continue to provide the superior level of service with which they have grown accustomed. “Plymouth Rock has always been interested in expanding our presence in the motorcycle line of business. Rider Insurance has a strong reputation within the riding community for delivering exceptional service to motorcycle enthusiasts, which is something that aligns very closely with the core values of Plymouth Rock. We are very excited about this transaction and growing our motorcycle business.” Gerry Wilson, Plymouth Rock Management Company President and CEO.

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