Alliant Insurance Services Inc. announced that it has acquired First Acceptance Corp.'s wholly owned subsidiary, Acceptance Insurance Agency of Tennessee, for a cash consideration of up to $120 million, including up to $45 million in deferred achievement-based payments. Irvine, California-based Alliant Insurance was advised by Morea Schwartz Bradham Friedman & Brown. First Acceptance, which is based in Nashville, Tennessee, was represented by a Wachtell, Lipton, Rosen & Katz team led by partner David E. Shapiro.
Insurance
December 05, 2023, 11:56 AM