Grocery & Drug Stores M&A » By The Online Investor Staff, updated Fri., Apr. 26, 8:10 PM
Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.
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Slide #10. Biglari Holdings Inc. — First Guard Insurance Company
Acquirer:
Biglari Holdings Inc. (NYSE:BH)
Acquiree:
First Guard Insurance Company
Details:
Biglari Holdings Inc. (NYSE: BH) and First Guard Insurance Company announced today that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation.
Biglari Holdings is a holding company. Through its subsidiaries, Co. is engaged in several business activities, including property and casualty insurance, licensing and media, restaurants, and oil and gas. Co.'s restaurant operations are conducted through Steak n Shake Inc. and Western Sizzlin Corporation. Co.'s insurance business is composed of First Guard Insurance Company and its agency, 1st Guard Corporation, and Southern Pioneer Property & Casualty Insurance Company and its agency, Southern Pioneer Insurance Agency, Inc. Co.'s subsidiary, Southern Oil Company operates oil and natural gas properties offshore. Co.'s Maxim Inc. subsidary's business lies principally in brand licensing.
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