Independent insurance wholesaler American Wholesale Insurance Group (AmWINS) announced the signing of a definitive agreement to sell a majority of its ownership to affiliates of Parthenon Capital LLC, a Boston and San Francisco-based private equity firm in a transaction where management will continue to own a substantial portion of the company.
With offices in more than 35 locations across the United States, AmWINS (www.amwins.com) serves retail agents throughout the U.S. by providing property and casualty brokerage, program administration, and group life and health brokerage services. AmWINS generates total premium placements of more than $2.4 billion annually, reportedly making it the largest independently-owned wholesale insurance broker operating in the United States.
Parthenon Capital is a $1.1 billion private equity firm with offices in Boston and San Francisco. Parthenon works with owners and managers to build value by offering growth capital and strategic operating expertise enabling a company to reach its Full Potential.
Parthenon provides equity capital to mid-sized companies with revenues between $50 million and $500 million.
Was this article valuable?
Here are more articles you may enjoy.