Boston Omaha Corporation Completes Sale of its Surety Insurance Business Unit to CopperPoint Insurance Company
Business Wire•26/10/2026•08:30 ET
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Key Highlights
- ➤Boston Omaha (BOC) completed sale of GIG surety business for $84,308,757
- ➤Boston Omaha retained 2,673,831 Sky Harbour (SKYH) shares
- ➤Boston Omaha retained $326,371 final cash dividend from GIG
- ➤Sale proceeds will fund investments, existing businesses, and $30 million repurchase plan
Expert Statements
Adam K. Peterson, President and Chief Executive Officer of Boston Omaha Corporation
“We greatly appreciate the leadership of Dave Herman and Bob Thomas in managing the revenue growth, expanding the scope of the surety business and building out our technology portal for brokers over the last several years. We believe that the GIG team’s capabilities combined with CopperPoint’s scale, financial strength, and excellent reputation will position the surety insurance business for continued growth in the future.”
Boston Omaha Corporation Completes Sale of its Surety Insurance Business Unit to CopperPoint Insurance Company
Boston Omaha Corporation (NYSE:BOC) (“Boston Omaha” or the “Company”) today announced that it has completed the sale of its surety insurance business, operated by General Indemnity Group, LLC (“GIG”), to CopperPoint Insurance Company (“CopperPoint”). The transaction is structured as an all-cash transaction under which CopperPoint acquired all of the outstanding equity interests of GIG.
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