AMERICAN COASTAL INSURANCE Corp (ACIC): M&A transaction — American Coastal completes sale of Interboro Insurance to Forza for $26.4M

AMERICAN COASTAL INSURANCE Corp

Sold 100% of Interboro Insurance Company to Forza Insurance Holdings on April 1, 2025.
Received $26.4M consideration based on estimated GAAP equity at closing.
Final true-up based on finalized GAAP equity expected in ~30 days.
Stock purchase agreement was previously filed on May 14, 2024 Form 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AMERICAN COASTAL INSURANCE Corp completed a disposition involving Forza Insurance Holdings, LLC for $26.4 million (closed 2025-04-01).

Action: disposition
Counterparty: Forza Insurance Holdings, LLC
Consideration: $26.4 million
Closing: 2025-04-01

Exact text from the filing

American Coastal Insurance Corporation (the "Company") completed the sale of 100% of the issued and outstanding stock of its wholly owned subsidiary, Interboro Insurance Company ("IIC") to Forza Insurance Holdings, LLC ("Forza"). The Company received $26.4 million in consideration from Forza

View on SEC.gov

3 m&a transactions filed in the last 30 days. Browse all m&a transactions →

AMERICAN COASTAL INSURANCE Corp filing history →

Source: SEC EDGAR

accession 0001401521-25-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.