Altamont Capital completed the acquisition of a majority stake in Fleming Holdings for $150m.

Altamont Capital, a private equity firm, completed the acquisition of a majority stake in Fleming Holdings, an insurance company, for $150m. “Our partnership with Fleming is the first step in a long-term plan to become a best-in-class capital solutions provider to the P&C industry. There is a tremendous amount of value we can add through taking a sophisticated and tailored approach to insurance capital management, and we look forward to rolling our solutions out to the market,” Sam Gaynor, Altamont Managing Director.