Sidley is representing Porch Group, Inc. (Porch) in its acquisition of CSE Insurance Group, a personal lines insurer focused on property and auto. The transaction, which is pending customary closing conditions, is expected to close in the second quarter of 2022. The transaction helps Porch expand its insurtech business into automobile and umbrella insurance and expand its geographical reach to California.
The Sidley deal team is being led by Joshua DuClos (M&A and Private Equity); Kirk Lipsey and Jack D. Yamin (Insurance); and Matthew D. Stoker (M&A); with assistance from Monica A. Norzagaray Pedraza, Tiffany A. Kong, and Michael L. Rosenfield (Insurance); Jonathan M. Westreich and Rachel D. Kleinberg (Tax); Matt Johnson, Christian E. Pilhofer, and Julia M. Sprangers (Employee Benefits and Executive Compensation); Mark Prior (Privacy and Cybersecurity); and Jason G. Marsico (Labor, Employment and Immigration).