TA Associates to invest in Honan Insurance Group.

TA Associates, a global growth private equity firm, agreed to invest in Honan Insurance Group, a commercial insurance broker. Financial terms were not disclosed. The transaction is expected to close in the second half of 2020, pending customary regulatory approvals and closing conditions. "With a commitment to providing tailored recommendations and high-quality customer service, Honan has grown significantly over the past few years. We are excited to be investing in Honan alongside a talented management team, and we look forward to building on their track record of growth," Andrew Tay, TA Associates Senior Vice President.