PHILADELPHIA – Troutman Pepper Locke advised Philadelphia Insurance Companies (PHLY) in its acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle-backed portfolio company. For more information, see the press release.
The $615 million acquisition will enhance PHLY’s status as a leading player in the collector and specialty vehicle insurance industry by incorporating four highly respected names, American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic, into the PHLY family.
The Troutman Pepper Locke team that provided transactional and insurance regulatory legal advice to PHLY included Geoffrey Etherington, Will Barnard, Alan Levin, and John Emmanuel.
Troutman Pepper Locke’s Insurance Transactional and Regulatory Practice navigates the complex landscape of insurance laws, regulations, and corporate transactions. The team provides strategic counsel to insurance companies, reinsurers, brokers, and other industry stakeholders, ensuring compliance with regulatory frameworks while facilitating mergers, acquisitions, capital raising, restructurings, and innovative market entries. By combining deep experience with industry insights, Troutman Pepper Locke empowers clients to achieve their business objectives while mitigating risks in a highly regulated sector.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.