A Locke Lord team led by Geoffrey Etherington (New York) represented iA Financial Group in its completed acquisition of the shares of US-based Dealers Assurance Company and Southwest Reinsure, Inc. (DAC) for a purchase price of $135 million. DAC markets and insures vehicle service contracts, or extended warranties, through a cross-country network of new and used car dealers in the United States. Regulatory filings were submitted to the Ohio Department of Insurance and the Committee for Foreign Investments in the United States (CFIUS), and a Pre-Merger Notification under the Hart-Scott-Rodino Act was filed with the Department of Justice and the Federal Trade Commission. For more information, please view the iA Financial Group press release. Additional Locke Lord team members included Brian Casey (Atlanta), Chris Flanagan (Boston), Margaret Comey (Cincinnati), Harriet Miers (Dallas), Sara Longtain (Houston), Barry Bendes, John Emmanuel and Zach Lerner (all of New York), Joe Farside (Providence) and Aaron Igdalsky (Washington,D.C.).
Posted September 27, 2017