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Announced

Completed

Nassau Financial completed the acquisition of DLNY from Delaware Life 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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Majority

Private

Domestic

Acquisition

Single Bidder

Friendly

United States

insurance products

Life Insurance

Completed

Synopsis

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Nassau Financial, a financial services company, completed the acquisition of Delaware Life Insurance of New York from Delaware Life Insurance, a provider of annuity and life insurance products. Financial terms were not disclosed. “As Nassau’s fourth insurance acquisition, this transaction marks yet another step in our growth plans to expand our New York insurance business. We appreciate the opportunity to work closely with Delaware Life, providing seamless execution in support of their strategic objectives. With our similar lines of business and widely recognized best-in-class service, we stand ready to welcome DLNY’s policyholders to Nassau,” Phil Gass, Nassau CEO.

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