DJP REPRESENTS ALIGN FINANCIAL HOLDINGS, LLC IN ACQUISITION 2020-07-27T18:58:43+00:00

Project Description

Durham Jones & Pinegar Shareholder Joshua E. Little and his team represented Align Financial Holdings, LLC, an insurance holding company, in the acquisition of Hilltop Holdings Inc.’s wholly-owned subsidiary, National Lloyds Corporation, a specialty property insurer for homeowners, low-value dwelling, mobile and manufactured homes for $154.1 million.

“This strategic transaction will serve to further diversify and scale Align’s business; putting us on track to write close to $500 million of specialty premiums this year”, said Kieran Sweeney, CEO of Align.

As part of this transaction, ReAlign Insurance Holdings, LLC, a new insurance holding company, completed its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) from Align NL Holdings, LLC, a subsidiary of Align Financial Holdings, LLC.

Grant Lippincott, President of ReAlign, said: “NLIC and ASIC have a successful track record in the specialty property insurance marketplace that we look forward to building upon. The Carriers represent an excellent and strategically important first step towards executing our long-term plan to create a leading domestic program underwriting platform.”

 

Joshua E. Little | Mergers & Acquisitions

 

 

 

 

 

Mark L Astling | Tax

 

 

 

 

 

Elisabeth Calvert | Corporate & Finance

 

 

 

 

 

Kenneth L. Cannon | TX & NY Legal Opinion Matters

 

 

 

 

 

Matthew F. Hafen | Estate Planning

 

 

 

 

 

Russell K. Smith | TX & NY Legal Opinion Matters

 

 

 

 

 

John D. Walch | Employee Benefits

 

 

 

 

 

Zachary Miller | Corporate & Finance

 

 

 

 

 

Brooke E. Nelson | Employee Benefits

 

 

 

 

 

Sarah W. Matthews | Intellectual Property