iA American Holdings, Inc. acquires Vericity, Inc. in a $170 million all-cash transaction
Acquiring Company
iA American Holdings
Acquired Company
Vericity
ChicagoFinancial ServicesHealth CareEmployee BenefitsInsuranceInsuranceDescription
J.C. Flowers & Co. LLC announces the completion of the sale of Vericity, Inc. to iA American Holdings, Inc. for approximately $170 million. The acquisition strengthens iA's position in the direct-to-consumer life insurance market and reflects J.C. Flowers' commitment to investing globally in the financial services industry.
Quick answer
iA American Holdings is acquiring Vericity for $170 million, announced June 28, 2024.
- How much did iA American Holdings pay for Vericity?
- The reported deal value is $170 million.
- What does iA American Holdings do?
- iA American is a wholly owned subsidiary of iA Financial Group, one of the largest insurance and wealth management groups in North America.
- Where are iA American Holdings and Vericity based?
- Vericity is based in Chicago, Illinois, United States.
- Who are the decision-makers at iA American Holdings?
- Fundz holds 1 contact at iA American Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- PCF Insurance Services completes strategic acquisitions of Ignitist, The Brady Agency, Roseberry Insurance Agency, and The Sinnott Agency (June 24, 2024)
- Hub International Limited acquires Essex Agency, Inc. to expand commercial and personal insurance in Vermont (June 4, 2024)
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Frequently asked
Who acquired Vericity?
Vericity was acquired by iA American Holdings. The deal was reported on June 28, 2024. iA American is a wholly owned subsidiary of iA Financial Group, one of the largest insurance and wealth management groups in North America. iA American Holdings is privately held and operates in Financial Services.
When did iA American Holdings acquire Vericity?
iA American Holdings's acquisition of Vericity was reported on June 28, 2024. J.C. Flowers & Co. LLC announces the completion of the sale of Vericity, Inc. to iA American Holdings, Inc. for approximately $170 million. The acquisition strengthens iA's position in the direct-to-consumer life insurance market and reflects J.C. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vericity do?
Vericity, Inc. is a Delaware corporation that through its subsidiaries, Fidelity Life Association and eFinancial, LLC, provides life insurance protection targeted to the middle American market. It is privately held, operating in Insurance, and is based in Chicago.
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