Beech Tree Private Equity completed its investment in Avid Insurance Services, a specialist insurance intermediary and managing general agent. Financial terms were not disclosed. "We are excited to be working with Stephen and the team at Avid. After getting to know a large number of companies in the market, we were able to quickly identify Avid as a stand-out performer. The business is well diversified after developing a number of long-term relationships with capacity providers and distributers and has a demonstrable track record for writing profitable business. The Management team have done a fantastic job in building the business to date and we are looking forward to supporting their plans for the future," Andy Marsh, BTPE Managing Partner.