BBH Capital Partners, a private equity firm, agreed to acquire a minority stake in Synex, a company that owns Synex insurance brand and Synex Group insurance, for $120m. "We have built a solid foundation at Synex. This investment partnership with BBHCP provides over a $100m capital infusion for Synex to accelerate growth and to achieve our ambitious long-term strategic objectives. With this partnership, Synex is ensuring that it remains independent and continues its mission to save the independent brokerage industry. We are very proud of this important accomplishment and look forward to creating value and opportunities for our employees, customers and carrier partners during Synex's next phase of growth," Yan Charbonneau, Synex Business Performance President.