Lee Equity Partners to acquire K2 Insurance Services.

Lee Equity Partners, a middle market private equity firm, agreed to acquire K2 Insurance Services, a leading specialty insurance services holding company. Financial terms were not disclosed. "Since our founding in 2011, K2 has become one of the fastest growing and largest program managers in the U.S., with a focus on generating industry leading underwriting results for our carrier partners," said Bob Kimmel, President and CEO of K2. "With Lee Equity's knowledge and experience investing in the insurance industry, we look forward to continuing to build on our proven track record of attracting high quality specialty underwriting teams, acquiring specialty MGAs, and growing organically. We will do this by offering our MGAs new distribution channels, technology enhancements and access to additional carrier partnerships."