Altamont Capital Partners to acquire Topa Insurance Group.

Private equity firm Altamont Capital Partners agreed to acquire Topa Insurance Group, a Calabasas, California-based insurance company. Financial terms were not disclosed. Commenting on the acquisition, William Anderson, Chairman of Topa Equities, noted, "As proud owners of Topa Insurance for over three decades, our family and Board of Directors were most interested in finding the right long-term partner who will continue to grow the business. We believe that Altamont will be an excellent steward of Topa Insurance, and we look forward to collaborating with them in the years to come."