National Western Life Group, Inc. Acquires Ozark National Life Insurance, Inc. and N.I.S. Financial Services, Inc.
New York, NY, February 1st, 2019– National Western Life Insurance Co., a subsidiary of National Western Life Group Inc., has completed its acquisition of CNS Corp. units Ozark National Life Insurance Inc. and N.I.S. Financial Services Inc.
National Western Life paid approximately $205.5 million in cash to CNS Corp. in exchange for all of the outstanding stock of the subsidiaries, in accordance with the terms of a stock purchase agreement entered into on Oct. 3, 2018.
The acquisition took effect January 31. The acquired entities will still be based in Kansas City, Mo.
Merger & Acquisition Services, Inc., served as the financial advisor to NWLIC.
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.