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New Deal


Announced

Completed

A consortium of investors completed an investment in Reliance Partners.

Financials

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

Tags

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Acquisition

Private

Minority

Single Bidder

insurance services

United States

Domestic

Insurance Brokers

Private Equity

Friendly

insurance brokerage

Completed

Synopsis

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A consortium of investors including Carousel Capital, Reliance management and Lamp Post Group, completed an investment in Reliance Partners, an insurance brokerage firm. Financial terms were not disclosed. “Our company is at an inflection point, and after getting to know Carousel over the past two years, we are thrilled to have the opportunity to partner with them for both financial support as well as strategic guidance. Their experience fits perfectly with our strategy, where we are today as a company, and where we want to take Reliance over the next decade," Chad Eichelberger, Reliance President.

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