Hildene to Acquire SILAC, Expanding Fixed Annuities Market Footprint

Hildene Capital Management has entered into a definitive agreement to acquire SILAC, Inc., a prominent provider of fixed and fixed indexed annuity products across 48 states and the District of Columbia. This acquisition represents a strategic expansion of Hildene’s insurance solutions platform, leveraging its expertise in alternative asset management to enhance SILAC's growth and financial stability amid a robust annuities market. Hildene has previously invested strategically in SILAC and maintains a reinsurance partnership, which this acquisition will build upon. The transaction values SILAC at approximately $550 million in cash, with SILAC reporting capital and surplus near $505 million and total admitted assets around $10 billion as of late 2025. In 2024, SILAC originated roughly $2.5 billion in annuities, mainly fixed indexed products, and holds financial strength ratings from KBRA, Fitch, and AM Best. Leadership changes are planned, with Daniel Acker transitioning to CEO, bringing extensive experience in product innovation and growth. The acquisition is positioned to enable SILAC to accelerate innovation, bolster its distribution capabilities, and capitalize on ongoing demand in the annuity sector. The deal is contingent on regulatory approval, aiming for completion by mid-2026. This move reinforces Hildene's commitment to diversify and expand its insurance and credit investment strategies, enhancing its platform and product offerings in the alternative investment and annuity markets.