Acquiring Company
iA Financial
Acquired Company
Vericity
Quebec City
ChicagoFinancial ServicesFinanceLendingInsuranceInsuranceDescription
iA Financial Group has successfully completed the acquisition of Vericity, Inc. in an all-cash transaction valued at approximately $170 million, marking a significant milestone in iA's expansion efforts in the United States and enabling Vericity to leverage iA's resources and capabilities to enhance its life insurance solutions for middle market consumers.
Quick answer
iA Financial is acquiring Vericity for $170 million, announced June 28, 2024. iA Financial is based in Quebec City, Quebec, Canada.
- How much did iA Financial pay for Vericity?
- The reported deal value is $170 million.
- What does iA Financial do?
- iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States.
- Where are iA Financial and Vericity based?
- iA Financial is based in Quebec City, Quebec, Canada. Vericity is based in Chicago, Illinois, United States.
Source: Fundz verified event record.
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Who to call at iA Financial, and when
When iA Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Vericity?
Vericity was acquired by iA Financial, based in Quebec City. The deal was reported on June 28, 2024. iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. iA Financial is privately held and operates in Financial Services.
When did iA Financial acquire Vericity?
iA Financial's acquisition of Vericity was reported on June 28, 2024. iA Financial Group has successfully completed the acquisition of Vericity, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vericity do?
Vericity, Inc. is a Delaware corporation that through its subsidiaries, Fidelity Life Association and eFinancial, LLC, provides life insurance protection targeted to the middle American market. It is privately held, operating in Insurance, and is based in Chicago.
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