Söderberg & Partners, an insurance broker and consultant, completed the acquisition of Grupo Galilea, which specializes in the brokerage of commercial insurance to small and medium-sized Spanish corporations, from JZ International, a private investment firm. Financial terms were not disclosed. "Grupo Galilea will continue to operate exactly as it operates now. The management, the partners and staff will remain the same. As a long-time financial partner, JZ International has been perfect for expanding Galilea’s business in Spain with strong foundations. With its expertise in the insurance business, Söderberg & Partners is now the ideal partner for our new phase," José María Galilea, Grupo Galilea Chairman.