Announced
Completed
Financials
Tags
vehicle dealership
Friendly
Single Bidder
Auto Services
Canada
Acquisition
Completed
Domestic
Private
Majority
Synopsis
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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