AmTrust Financial Services, Inc. (AmTrust) has announced plans to acquire Republic Companies, Inc. (Republic) and its affiliates from Delek Group Ltd. and Republic Insurance Holdings, LLC for approximately $233 million. AmTrust turned to Locke Lord for advice regarding the transaction. According to AmTrust, the deal offers great opportunities for profitable growth for AmTrust, especially in Republic's key Southwestern markets for property and casualty insurance. The deal is expected to close in the first half of 2016. The Locke Lord team, led by Jeff Etherington, also included Julie Mahaney, Zach Lerner and Aaron Igdalsky (M&A/Transactional) and Chris Flanagan (Tax), Geoff Polma (Texas State Tax), Lori Basilico and Ben Ferrucci (Benefits), Jonathan Young (Bankruptcy and Insolvency) and Joe Farside (Antitrust). For more information, view AmTrust’s press release.
Posted September 30, 2015