Arch Insurance North America has entered into an agreement to acquire Premier Dealer Holding Corp. The release describes the target as a Dublin, Ohio-based provider of automotive Finance and Insurance. The release uses PDS as the short name for Premier Dealer Services.
What Arch Says the Acquisition Adds
According to the release, the acquisition expands Arch’s capabilities in the automotive Finance and Insurance market.
The release also says the acquisition, upon completion, will build on a long-standing relationship between Arch Insurance and PDS. It describes this as combining Arch’s deep specialty insurance expertise with PDS’s administration capabilities, technology infrastructure and relationships.
The release carries a quoted statement: “Bringing PDS and Arch together will strengthen our capabilities in the automotive F&I market and create new opportunities to serve our customers and partners.” A second quoted statement in the release reads: “Joining Arch gives us the financial strength and resources to keep investing in our people, products and technology …”
InsuraBeat has separate coverage of Porch Group’s agreement to acquire Allied Trust.
Premier Dealer Services in the Release’s Words
The release’s company description of PDS reads: Founded in 1998 and headquartered in Dublin, Ohio, Premier Dealer Services (PDS) is a leading provider of loyalty and automotive protection products and customized services for dealerships.
Standalone Structure, Closing Conditions and Advisors
On structure, the release says: Following completion of the transaction, PDS is expected to operate as a standalone business within Arch Insurance’s Consumer Division.
On timing and conditions, the release says: This transaction is expected to close by the end of 2026 and is subject to regulatory approvals and satisfaction of other customary closing conditions.
On advisers, the release says: TD Securities is acting as the exclusive financial advisor to Arch, and Eversheds Sutherland LLP is serving as Arch’s legal advisor. InsuraBeat has separate coverage of Horace Mann’s completed employee services acquisition.
Arch in the Release’s Description
The release describes the acquirer in these terms: Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. It adds that Business in Canada is written by Arch Insurance Canada Ltd.
Of the parent group, the release says that Arch Capital Group Ltd. is a publicly listed Bermuda exempted company. It also states: Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
