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Announced

Completed

Align Financial completed the acquisition of National Lloyds from Hilltop for $154m.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Property and Casualty Insurance

casualty insurance

Majority

Acquisition

United States

Private

Completed

Single Bidder

Friendly

Domestic

Synopsis

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Align Financial, an insurance holding company, completed the acquisition of National Lloyds, a provider of property and casualty insurance, from Hilltop, a financial holding company, for $154m. “This strategic transaction will serve to further diversify and scale Align’s business; putting us on track to write close to $500m of specialty premiums this year. National Lloyds is a leading underwriter of specialty personal property insurance and we are delighted to welcome their high-quality team to Align. We look forward to working together to deliver new and enhanced product solutions to their valued customers,” Align Kieran Sweeney, CEO.

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