Financial Technology Partners - The Only Investment Bank Focused Exclusively on Financial Technology


FT Partners Advises SquareTrade on its $1.4 Billion Sale to Allstate

Overview of Transaction

  • On November 28, 2016, SquareTrade announced its $1.4 billion all-cash strategic sale to the Allstate Corporation
  • Headquartered in San Francisco, CA, SquareTrade offers top-rated protection plans trusted by millions of consumers for electronics and appliances
  • SquareTrade's branded products are sold through major retailers
  • Allstate is the largest publicly held personal lines property and casualty insurer in America serving more than 16 million households nationwide
  • More details available in Allstate’s transaction press release and investor presentation

Significance of Transaction

  • This transaction expands Allstate's protection offering to consumer electronics, connected devices and appliances
  • SquareTrade substantially increases Allstate's customer relationships while providing both strong near-term and long-term growth opportunities

FT Partners' Role