Announced
Financials
Tags
Pending
reinsurance solutions
Insurance Brokers
Acquisition
Private Equity
Single Bidder
Private
Majority
United States
Friendly
Synopsis
Keystone Agency Investors, a new strategic partnership formed by Keystone Insurers Group and Bain Capital Credit, agreed to acquire The Seltzer Group, a custom insurance solutions provider. Financial terms were not disclosed. “As an independent agency with decades of experience creating customized client solutions, The Seltzer Group has grown from one location in eastern Pennsylvania to eight locations and with KAI, they are well-positioned to continue that growth trajectory. We look forward to partnering with the Seltzer leadership team to unlock growth opportunities as they continue to provide clients with a unique concierge experience,” David E. Boedker, Sr., KAI CEO.
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