Altaris completed the acquisition of the remaining 53% stake in Trean Insurance Group for $168m.

Altaris, an investment firm, completed the acquisition of the remaining 53% stake in Trean Insurance Group, a firm engaged in providing products and services to the specialty insurance market, for $168m. Altaris offered to acquire TIG for $6.15 in cash per share, representing a 97% premium. “We are thrilled to begin the next chapter of Trean’s successful partnership with Altaris, which will continue to enhance our longtime focus on strong partnerships, underwriting discipline and exceptional claims management to generate long-term growth. Starting with their original investment in 2015, Altaris’s healthcare expertise and support have been critical in helping to drive our Company’s transformation to become a leading national provider of workers’ compensation and other specialty insurance services. I would like to thank our entire team for their outstanding efforts to bring this transaction to a successful conclusion, delivering substantial value to our stockholders and positioning the Company for future success," Julie Baron, Trean President and CEO.