Announced
Completed
Synopsis
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.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.