AmWINS Signs Definitive Deal to Sell Majority Interest to Parthenon Capital

September 15, 2005

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 ( 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.

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