Novatae Risk Group announced that it acquired the assets of American Management Corporation, (“AMC”) of Conway, Arkansas on September 1, 2023. Terms of the transaction were not disclosed.
AMC was founded over 60 years ago and has grown into a highly respected and specialized national agency. AMC began with a specialized program for service stations and convenience stores, later expanding to fuel marketers. By developing a top-rated, nationwide program for service stations and then for fuel marketers, it allowed AMC to implement plans for aggressive growth.
Giordano Halleran Ciesla provided legal counsel, and Sica Fletcher advised Novatae. Mitchell Williams provided legal counsel to AMC on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
