Catalina in $168mn US run-off move
The expansive run-off acquirer Catalina has bought a US home warranty company that has businesses in Colorado and Hawaii with combined assets of $168.4mn.
The takeover of Residential Loss Control Holdings (RLCH) continues the string of legacy deals that have fuelled Catalina's growth in recent years.
Catalina did not disclose the consideration. However, it stated that net assets were $19.4mn at 30 June, adding that the purchase price represented a discount to its net asset value.
RLCH owns two risk...
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