Warburg Pincus, a private equity firm, agreed to acquire K2 Insurance Services, an independent specialty insurance program manager, from Lee Equity Partners, a private equity firm. Financial terms were not disclosed. "I am incredibly proud of our achievements and growth since K2 was founded over ten years ago. Partnering with Warburg Pincus, who has a long-standing track record of cultivating world-class businesses, reflects the hard work and strong culture of our team, loyalty of our customers, and cements our position as a leading underwriting and distribution franchise in the program insurance market," Bob Kimmel, K2 CEO and Co-Founder.