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Announced

Completed

Western & Southern Financial Group completed the acquisition of Fabric Technologies for $21m.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

life insurance

Domestic

Completed

Acquisition

United States

Life Insurance

Private

Friendly

Majority

Synopsis

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Western & Southern Financial Group, a diversified financial services businesses, completed the acquisition of Fabric Technologies, a fully digital life insurance platform, for $21m. "This highly innovative company and its entrepreneurial spirit are an excellent fit for Western & Southern, which has always been dedicated to offering tailored and straightforward financial solutions for our clients. Together, we continue our common mission of providing financial security to the middle market using a unique, fully-digital experience," John F. Barrett, Western & Southern Financial Group Chairman, President and CEO.

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