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New Deal


Announced

Align Financial to acquire Deposit Choice.

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

Majority

insurance products

Diversified Financials

Acquisition

Friendly

surety bonds

Private

Single Bidder

Pending

Synopsis

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Align Financial Holdings, a leading general agency and specialist program underwriting manager based in San Diego, agreed to acquire Deposit Choice, a national provider of surety bonds and insurance products to the multifamily industry. Financial terms were not disclosed. The acquisition of Deposit Choice and its innovative line of surety and insurance products fits well with Align’s strategy of providing an increasingly diversified portfolio of specialty property and casualty products to the insurance marketplace. “Align’s underwriting-focused culture, emphasis on the effective use of technology and efficient process, and relationship-centric approach will be highly additive to Deposit Choice in its next phase of growth. We are excited to be working with our new partners at Align,” Timothy Fortner, Deposit Choice Co-Founder.

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