Sidley Seals the Deal: Sentry Insurance Acquires The General from American Family Insurance in Major Industry Move
Sidley Represents Sentry Insurance in Acquisition of The General
Sidley is advising Sentry Insurance on its acquisition of The General, a non-standard auto insurer, from American Family Insurance for approximately $1.1 billion in cash consideration. The total transaction value, including assumed liabilities and required capital, is $1.7 billion.
Sentry Insurance is a financially secure mutual insurance group in the United States, while American Family Insurance ranks as the nation’s 12th-largest property/casualty insurance group.
The Sidley team, led by Sean Carney and Paige Levitt, specializes in Financial Institutions – Insurance. The team includes experts from various practice areas, such as Financial Institutions – Insurance (Riley Arnold and Owen Skelding), Tax (John Schaff and Tyler Replogle), Employee Benefits and Executive Compensation (Lauren Gallagher, Greg Matisoff, and Ryan McLeod), Technology Transactions (Anna Remis, Paul Kariyawasam, and Natalie Crawford), Labor and Employment (Natalie Chan and Sara Salmonson), Antitrust and Competition (Edward Sharon and Jamie Sadler), Privacy and Cybersecurity (Ash Nagdev and Ben Cross), and Commercial Litigation and Disputes (Ian Ross).