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New Deal


Announced

CopperPoint Insurance Companies acquired Alaska National 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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United States

Full Line Insurance

Private

commercial insurance

Acquisition

Friendly

Pending

Single Bidder

Synopsis

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CopperPoint Insurance Companies, a western-based regional commercial insurance company, acquired Alaska National Insurance Company, an Alaska domiciled workers’ compensation and commercial insurance carrier. Financial terms were not disclosed. “It’s an exciting time in our nearly 95-year history as we look forward to welcoming Alaska National and their 250 employees into the CopperPoint Family of Insurance Companies. We have been on a journey of transformation as we continue our geographic and product diversification strategy with the vision of becoming the leading regional commercial insurance company for the western United States.” Marc Schmittlein, President and CEO of CopperPoint Insurance Companies.

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