Transactions

Utica Mutual Insurance Company

Acted as exclusive financial advisor to Utica Mutual in the purchase of Nationwide Holdings, Inc., the holding company for Founders Insurance Company of Des Plaines, Illinois.  Founders has annual written premium of approximately $115 million in 47 states and the District of Columbia and specializes in writing non-standard automobile coverages, liquor liability and general liability coverages and some other commercial coverages.  Utica National employs 1,250 people at 11 locations around the country, including its home office in New Hartford, NY, seven regional offices and three claims offices.