Announced
Financials
Tags
Private
regulatory automation solutions
Pending
Domestic
Friendly
Digital Services
Acquisition
Majority
United States
Private Equity
Single Bidder
Synopsis
Private equity firm Thomas H. Lee Partners agreed to acquire Insurance Technologies, a provider of sales and regulatory automation solutions for the insurance and financial services industries, from NexPhase Capital, an operationally focused private equity firm. Financial terms were not disclosed. "With an unwavering focus towards continuous improvement and an ongoing commitment to delivering high-quality products and service, the InsTech team has established itself as a leading provider of digital sales solutions in the insurance and financial services industries. We are proud of what we have accomplished together over the course of our partnership and are confident that the Company is well positioned for continued success," Joel Killion, NexPhase Partner.
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