New York-based investment firm The Carlyle Group led a $150 million investment for Deerfield, Illinois-based Alera Group, the property/casualty, employee benefits insurance broker that is privately-held company and backed by Genstar Capital and Alera employees. Alera plans to use proceeds …
Genstar Capital announced on Monday it has exited its remaining stake in specialty property insurer Palomar Holdings Inc. in La Jolla, Calif. Genstar in 2014 partnered with current CEO Mac Armstrong to form Palomar, a new specialty insurance platform company …
La Jolla, Calif.-based Palomar Holdings Inc. announced the underwritten public offering of 5 million shares of the company’s common stock, par value $0.0001 per share, which consists of 750,000 shares of common stock offered by the company and 4,250,000 shares …
National wholesale insurance broker Worldwide Facilities said it has closed on the previously announced investment by Genstar Capital, a San Francisco based private equity firm. As part of the transaction, Lovell Minnick Partners is divesting its investment in Worldwide Facilities …
Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …
It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of reported mergers …
There is a new national independent insurance brokerage and wealth management firm that opens its doors with more than 20,00 clients, $158 million in annual revenues and 750 employees in 40 offices across 15 states. The new firm is called …
Grand Rapids, Mich.-based Acrisure LLC has signed a definitive agreement for a management-led buyout of the company, led by Greg Williams, Acrisure’s CEO and co-founder, and a consortium of minority investors. Acrisure management and its operating partners are acquiring control …
Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration software business, to TA Associates, a Boston-based private equity firm. San Francisco Genstar acquired the insurance software business from LexisNexis …
Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …
