American Republic Insurance Co. has signed an agreement to acquire Great Western Insurance Co.
Terms of the deal were not disclosed, and the deal is subject to customary closing conditions, including regulatory approval.
GWIC is a privately held, family-owned company based in Ogden, Utah. The company, which has 121 employees, focuses on providing pre-need insurance to the funeral home industry and is licensed to do business in 46 states and the District of Columbia.
American Republic has submitted the necessary paperwork for regulatory approval and expects a public hearing to be held mid-January regarding this transaction. Assuming approval is granted, a final closing on the acquisition of GWIC is anticipated to occur within the next 30 days.
American Republic is a subsidiary of American Enterprise Group Inc., a Des Moines-based insurance holding company.
Topics Mergers & Acquisitions
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