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New Deal


Announced

Completed

Securian Financial completed the acquisition of Armour Group.

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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vehicle dealership

Friendly

Single Bidder

Auto Services

Canada

Acquisition

Completed

Domestic

Private

Majority

Synopsis

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Securian Financial, a provider of life and disability insurance, retirement products, asset management, and other financial services, completed the acquisition of Armour Group, a distributor of credit and specialty property and casualty products through automobile dealers, recreational vehicle dealers and finance companies in Canada. Financial terms were not disclosed. “The acquisition of Armour Group and access to its broad distribution network diversifies our revenue and gives us a natural opportunity to expand into attractive adjacent markets,” Chris Hilger, Securian Financial Chairman, President and CEO.

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