DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management.
The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition strategy in addition to its organic growth initiatives. DOXA’s management team and employee shareholders will remain significant investors alongside Goldman Sachs.
DOXA’s portfolio spans specialty MGA, wholesale, affinity, and alternative risk segments generating over $600 million in written premium. With a presence across the United States, DOXA solves complex coverage issues for numerous industries in need of specialized insurance solutions.
The transition is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals. Waller Helms Advisors served as exclusive financial advisor and Barrett McNagny LLP and Choate Hall & Stewart LLP served as transaction counsel to DOXA in connection with this transaction. Piper Sandler & Co. and Goldman Sachs & Co. LLC served as financial advisor and Sullivan & Cromwell LLP served as transaction counsel to Goldman Sachs in connection with this transaction.
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