On the Record · Alleghany
Alleghany acquisitions, on the record
The businesses Alleghany bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
WilbertWord for word“On December 31, 2019, Alleghany Capital exercised its call right to acquire a majority of the remaining outstanding equity interests in Wilbert.” 10-K for 2019 | agreed acquisition | — | — |
Wicked Cool Toys, LLCWord for word“On October 1, 2019, Jazwares acquired the outstanding equity of Wicked Cool Toys, LLC, or “WCT,” a global toy company based in Bristol, Pennsylvania.” 10-K for 2019 | acquisition | On October 1, 2019 | — |
Hirschfeld Holdings, LPWord for word“On February 7, 2018, W&W|AFCO Steel acquired the outstanding equity of Hirschfeld for $109.1 million, consisting of $94.4 million in cash and $14.7 million of incremental debt.” 10-K for 2019 | acquisition | On February 7, 2018 | $109.1 million |
Concord (CHECO Holdings, LLC)Word for word“On October 1, 2018, Alleghany Capital acquired approximately 85 percent of the equity of Concord for $136.6 million, consisting of $68.6 million in cash paid upon consummation of the transaction, $38.2 million of potential contingent consideration based on future profitability and $29.8 million of incremental debt.” 10-K for 2019 | acquisition | On October 1, 2018 | $136.6 million |
Coastal Industrial Distributors, LLCWord for word“(iii) Coastal Industrial Distributors, LLC, a provider of high-performance solid carbide end mills, acquired in June 2019.” 10-K for 2019 | acquisition | June 2019 | — |
Noncontrolling interests of PCTWord for word“All noncontrolling interest holders of PCT have exercised their repurchase options and sold their ownership interests to PCT effective April 1, 2019.” 10-K for 2019 | acquisition | April 1, 2019 | — |
Consumable cutting tool manufacturer (PCT)Word for word“(i) fund a portion of PCT’s acquisition of a consumable cutting tool manufacturer in June 2019 for $29.4 million;” 10-K for 2019 | acquisition | June 2019 | $29.4 million |
Manufacturer of aluminum feed transportation equipment (Kentucky Trailer)Word for word“(ii) fund a portion of Kentucky Trailer’s acquisition of a manufacturer of aluminum feed transportation equipment in July 2019 for $12.2 million;” 10-K for 2019 | acquisition | July 2019 | $12.2 million |
PacificComp (Pacific Compensation Corporation)Word for word“On December 31, 2017, AIHL sold PacificComp to CopperPoint Mutual Insurance Company, or “CopperPoint,” for total cash consideration of approximately $158 million, at which time: (i) approximately $442 million of PacificComp assets, consisting primarily of debt securities, and approximately $316 million of PacificComp liabilities, consisting primarily of loss and LAE reserves, were transferred to CopperPoint; and (ii) AIHL recorded an after-tax gain of approximately $16 million, which included a tax benefit.” 10-K for 2019 | divestiture | December 31, 2017 | approximately $158 million |
Professional Risk Management Services, Inc.Word for word“Through October 1, 2019, CapSpecialty also included the operations and results of Professional Risk Management Services, Inc., which was acquired from TransRe in 2014 and resold to TransRe effective October 1, 2019.” 10-K for 2019 | divestiture | effective October 1, 2019 | — |
Supermill LLCWord for word“(iii) Coastal Industrial Distributors, LLC, a provider of high-performance solid carbide end mills, acquired in June 2019; and (iv) Supermill LLC, a manufacturer of high-performance carbide end mills, acquired in March 2020.” 10-K for 2020 | acquisition | March 2020 | — |
Kelly Toy Holdings, LLCWord for word“On April 1, 2020, Jazwares acquired Kelly Toy Holdings, LLC, or “Kelly Toy,” a plush toy manufacturer based in Los Angeles, California.” 10-K for 2020 | acquisition | April 1, 2020 | — |
ConcordWord for word“In 2018, we made aggregate capital contributions of $144.1 million to Alleghany Capital to: (i) acquire approximately 85 percent of the equity in Concord for $68.6 million (excluding amounts for transaction-related expenses and estimates of future amounts payable); and (ii) fund Alleghany Capital’s portion of the acquisition of Hirschfeld by its subsidiary W&W|AFCO Steel for $75.5 million (excluding amounts for transaction-related expenses).” 10-K for 2020 | acquisition | — | approximately 85 percent of the equity in Concord for $68.6 million (excluding amounts for transaction-related expenses and estimates of future amounts payable) |
SORCWord for word“In addition, in 2020, we contributed $3.1 million to SORC for purposes of its operations prior to its December 31, 2020 sale.” 10-K for 2020 | divestiture | December 31, 2020 | — |
Wilbert, Inc., doing business as Wilbert Plastic Services (WPS)Word for word“From time to time, we make capital contributions to our subsidiaries. In 2021, we made aggregate capital contributions of $203.2 million to Alleghany Capital to: (i) fund a portion of Piedmont's acquisition of WPS that closed on May 10, 2021 for $60.4 million; (ii) fund a portion of IPS's acquisition of Linesight that closed on October 14, 2021 for $97.4 million; (iii) fund a portion of Wilbert's acquisition in the fourth quarter of 2021 for $35.0 million; (iv) fund Kentucky Trailer operating activities in the fourth quarter of 2021 for $5.6 million; and (v) fund investment in certain hotel development projects for $4.8 million in 2021.” 10-K for 2021 | acquisition | May 10, 2021 | $60.4 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $180.2 million | — |
| 2017-12-31 | $244.3 million | — |
| 2018-12-31 | $235.2 million | — |
| 2019-12-31 | $218.3 million | $67.9 million |
| 2020-12-31 | $128.9 million | $92.1 million |
| 2021-12-31 | $303.5 million | $139.4 million |
Deal filings since 2016
- 2022-10-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Alleghany’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.