American Family Inks Buy of Homesite Group in $616 Mln Deal

American Family Insurance has agreed to buy Homesite Group for $616 million. Sellers include Alleghany Corp., Metalmark Capital and The Plymouth Rock Co. Boston-based Homesite is a direct writer of homeowners, renters and condominium insurance. KPMG Corporate Finance provided financial advice to American Family. Lazard Frères & Co. acted as financial adviser to Homesite.

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