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Sherman & Company Announces Another  Successful Transaction

Motorists Mutual Insurance Company to Acquire Consumers Insurance USA
May 13, 2014
Motorists Mutual Insurance Company has announced the signing of a definitive agreement to purchase the stock of Consumers Insurance USA, based in Murfreesboro, TN.  Under terms of the agreement, which is subject to regulatory approval by Tennessee and Ohio regulators, Consumers Insurance will become a wholly-owned subsidiary of Motorists Mutual.  Consumers Insurance markets niche-oriented products, including personal auto, commercial auto and garage policies through independent insurance agencies and operates in seven states throughout the South and Midwest.  Motorists Mutual Insurance Company is an affiliate of The Motorists Insurance Group, which markets insurance solutions across the Midwest, Northeast, and Southeast regions.  Sherman & Company served as financial advisor to Consumers Insurance. 
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About Sherman & Company
Sherman & Company provides investment banking and financial advisory services to the insurance industry.  Our clients include property & casualty and life & health insurance companies, insurance brokerages, and insurance technology and service providers.  We leverage our deep and diverse experience in both investment banking and insurance to bring our clients full senior focus and involvement in every transaction.
 
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