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New Deal


Announced

Completed

Amwins completed the acquisition of Worldwide Facilities from Genstar Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Friendly

Acquisition

Domestic

Insurance Brokers

insurance brokerage services

United States

Private

Single Bidder

Private Equity

Synopsis

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Amwins, an independent wholesale distributor of specialty insurance products in the United State, completed the acquisition of Worldwide Facilities, a national wholesale insurance brokerage, managing general agency and program manager, from private equity firm Genstar Capital. Financial terms were not disclosed. "We are adding a talented group of brokers and underwriters that further strengthens our specialty capabilities. We are thrilled to welcome the entire Worldwide team to the Amwins family and leverage the strength of both teams to benefit retailers and markets nationwide," Scott M. Purviance, Amwins CEO.

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