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Announced

Jewelers Mutual to acquire Wexler Insurance.

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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Pending

Private

Acquisition

Friendly

Single Bidder

Full Line Insurance

United States

full line insurance

Domestic

Majority

Synopsis

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Jewelers Mutual, an insurance company, agreed to acquire Wexler Insurance, an insurance agency dedicated to providing risk management solutions to the jewelry industry. Financial terms were not disclosed. "Wexler has a strong track record of developing relationships with, and providing risk management solutions to, the jewelry industry and is an ideal complement to Jewelers Mutual. Combining Wexler's unique products, services and carrier alliances with the investments in data and technology being made by Jewelers Mutual will create a competitive advantage that will expand our footprint and diversify our operational profile," Scott Murphy, Jewelers Mutual President and CEO.

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