New Mountain Capital completed the acquisition of a US commercial insurance division from Carlyle-backed NSM Insurance.

New Mountain Capital, a growth-oriented investment firm, completed the acquisition of a US commercial insurance division from Carlyle-backed NSM Insurance, a global specialty insurance provider. Financial terms were not disclosed. "We are excited about this milestone and look forward to collaborating with Aaron and the team to build the business into the leading independent commercial insurance MGA, recognized for its exceptional team, innovation and specialty solutions," Robert Mulcare, New Mountain Capital Managing Director, and Sean Donovan, New Mountain Capital Director.