Announced
Completed
Synopsis
Aquiline Capital Partners, a private equity firm, completed the acquisition of a majority stake in Ontellus, a provider of medical, billing, employment records, and other claims related data services. Financial terms were not disclosed. Aquiline invested alongside The CapStreet Group, a current investor in the business and management. As part of the transaction, Aquiline provided capital for growth purposes and acquired a majority ownership stake in the company. We're thrilled to join forces with Aquiline and see the many ways that Aquiline's investment and insurance experience will help us grow our company and bring additional services and capabilities to our clients. We look forward to working with them as we enter this next chapter," Darren Klauser, Ontellus CEO.
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