Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Additional terms of the transaction were not disclosed.
Imperial Fire & Casualty provides insurance products such as personal auto, commercial auto, personal property and flood policies.
Imperial Fire & Casualty has been led by H. Marcus Carter, Jr., president and CEO, and John Emmett Brignac Jr. (JE), chairman of Imperial Management Corp., both of whom will continue to serve as directors.
Imperial Fire & Casualty has 1,500 independent agents representing its insurance products. It actively writes policies in Arkansas, Florida, Louisiana, Oklahoma and Texas, and is licensed in Alabama, Georgia, Indiana, Kansas, Kentucky, Mississippi, Missouri, Nevada, South Carolina, and West Virginia. Imperial Fire & Casualty has offices in Florida, Louisiana and Texas.
The Imperial Fire & Casualty deal follows the acquisition of Dallas National Insurance Co., a Delaware-based property and casualty insurer specializing in general liability and workers’ compensation.
Source: Southport Lane
Was this article valuable?
Here are more articles you may enjoy.
One Weather Firm Warns New England Could See Big Hurricane This Season 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
