Announced
Completed
Financials
Sources
Tags
Completed
Majority
Friendly
Acquisition
Domestic
Insurance Brokers
insurance brokerage services
United States
Private
Single Bidder
Private Equity
Synopsis
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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