Assurant special property acquires Field Asset Services

theflyonthewall.com

Assurant has acquired Field Asset Services, significantly increasing its presence in the property preservation, restoration and inspection services business. Assurant Specialty Property has acquired Field Asset Services from FirstService in a cash transaction for $55M. The transaction was closed Monday. Assurant expects the transaction to be modestly accretive to earnings in 2014.

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