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McDermott Will & Schulte says it advised Everspan on its planned Providence Washington sale
McDermott Will & Schulte said it advised Everspan Group on its agreement to sell Providence Washington Insurance Company to Falvey Insurance Group. The firm described the target as a Rhode Island admitted shell company and said the transaction remains subject to customary closing conditions and required regulatory approvals.
Key points
- McDermott Will & Schulte described Everspan as a specialty property and casualty insurance platform.McDermott Will & Schulte
- The firm said Everspan is a wholly owned subsidiary of Octave Specialty Group, Inc. (NYSE: OSG).McDermott Will & Schulte
- McDermott Will & Schulte said partners Michael Halsband, Christopher Stacker and Katie Yonover led its team.McDermott Will & Schulte
- The firm said partners including H. Michael Byrne, Andrew Granek and Ellen Marie Snare also advised on the transaction.McDermott Will & Schulte