In 1979, they gained control of Talcott National Corporation, sold the James Talcott Factors division, and, in 1980, they renamed the company Leucadia.[10]
In 1984, the company made a $61 million profit on its $77 million investment in Avco Corporation by forcing the sale of the company to Textron.[10]
In 1991, the company acquired insurer Colonial Penn from Florida Power & Light for $150 million.[11]
In 1997, the company sold the life insurance division of Colonial Penn to Conseco for $460 million[12] and sold the auto insurance division of Colonial Penn to GE Capital for $950 million.[13]
In 1998, the company sold Charter National Life Insurance and Intramerica Life Insurance to Allstate.[14]
In 2002, the company received a 44% stake in WilTel Communications Group as a result of a bankruptcy reorganization.[15]
In May 2003, the company made an offer to acquire the remaining shares of WilTel Communications Group that it did not already own.[16]
In August 2003, after increasing its offer, the company acquired the remaining shares of WilTel Communications Group.[17]
In September 2003, the company acquired RehabWorks.[18]
In July 2004, the company sought, but failed, to buy a controlling stake in MCI Communications.[20] In September 2004, the company sold its stake in MCI for a $20 million profit.[21]
In 2005, the company sold WilTel Communications Group to Level 3 Communications for a $180 million profit.[22]
In 2007, the company acquired ResortQuest International from Gaylord Hotels for $35 million.[23]
In 2009, the company entered into a 50/50 joint venture with Berkshire Hathaway called Berkadia, which acquired the North American loan origination and servicing business of Capmark Financial Group.[24]
In 2010, the company sold ResortQuest International to Wyndham Worldwide for $56 million in cash.[25]
In 2012, the company proposed building a $3 billion syngas facility in south Chicago to convert coal and petroleum waste into natural gas; however, the plant never received legislative approval.[28]
In 2013, the company merged with Jefferies Group and Richard Handler became chief executive officer of the company.[29]
