DOXA Insurance Holdings, an acquirer of specialty niche-focused insurance distribution companies, has established a strategic relationship with Century Equity Partners, a Boston-based private equity firm, in order to support DOXA’s plans for continued growth.
The investment sets the stage for DOXA to accelerate its pace of acquiring and partnering with niche-focused managing general agencies, wholesale brokers, and program administrators.
Under the terms of the transaction, Century acquired a majority interest in DOXA with the company’s senior management team maintaining a meaningful equity interest in the firm.
DOXA Insurance Holdings is a Midwest-domiciled holding company. It focuses on assisting proprietors through a strategic, reengineered approach to succession planning and organizational sustainability.
Century Equity Partners provides capital to lower middle market companies seeking to support growth, fund acquisitions or recapitalizations. Century focuses on companies operating across the insurance and financial services sectors.
Source: DOXA Insurance Holdings
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