State Farm acquires Dallas-headquartered Gainsco for $400mn
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State Farm acquires Dallas-headquartered Gainsco for $400mn

John Hewitt Jones
September 17, 2020
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State Farm has entered an agreement to buy Dallas-based specialist auto insurer Gainsco for $400mn.

The all-cash transaction is State Farm's first acquisition of an insurance company in its 98-year history and is expected to close in early 2021.

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