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Spg Acquires The Assets Of Euclid Fiduciary

Jan 10, 2023•almost 3 years ago

Acquiring Company

Simon

Acquired Company

Euclid Fiduciary

IndianapolisReal Estate

Description

Specialty Program Group LLC (SPG) announced today that it has acquired the assets of Euclid Specialty Managers, LLC, d/b/a (Euclid Fiduciary) from Euclid Insurance Services, Inc. Euclid Fiduciary is a managing general agency specializing in complex fiduciary liability and related professional liability insurance for employee benefit plans.

Company Information

Company

Simon

Location

Indianapolis, Indiana, United States

About

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed