Alleghany Capital Corporation, a unit of Alleghany Corporation (Y - Free Report) , recently announced that R.C Tway Company, LLC has acquired select assets of Bussman Medical & Research.
Alleghany Capital sources, executes and monitors certain investments and acquisitions of its parent company. Investors should note that R.C. Tway Company is one of the many investments made by Alleghany Capital.
The buyout of certain assets of Bussman Medical & Research will enable the acquirer diversify its existing capabilities in the mobile medical market. More importantly, the latest transaction will complement the acquirer’s Smit Mobile Equipment buyout, which was completed in late 2015.
Based in the Netherlands, Bussman is an expert in designing, developing, and installing complex modular solutions for diverse markets. Moreover, the company specializes in serving the healthcare sector. This buyout will thus fortify Smit Mobile's presence in the global mobile and modular healthcare market and leverage Smit Mobile’s in-depth expertise, developed over the last two centuries.
The buyout will help R.C. Tway Company to offer more integrated and all-inclusive solutions to its European and global customers.
Notably, Alleghany Capital is excited to support the R.C. Tway Company as the former continues forge ahead with its bolt-on acquisition strategy.
The Zacks Rank #1 (Strong Buy) property and casualty (P&C) insurer and its affiliate remain focused in making prudent acquisitions, thereby boosting growth.
Following the inorganic route to ramp up one’s growth profile seems a well-accepted strategy among insurers as acquisitions and consolidations rage this space. Recently, Arthur J Gallagher & Co. (AJG - Free Report) acquired Regency Group, while Argo Group International Holdings, Ltd. (AGII - Free Report) signed an agreement to acquire Ariel Re.
Investors may also take a look at Mercury General Corporation (MCY - Free Report) , which is a P&C insurer engaged in writing personal automobile insurance in the U.S. Year to date the stock returned 24.6%, better than 6.5% returned by the S&P 500. The company also sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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