Thayer Street Partners completed an investment in Union Bay Risk Advisors.

Thayer Street Partners, a private investment firm focused on technology-enabled businesses, completed an investment in Union Bay Risk Advisors, an independent property and casualty insurance brokerage serving retail and commercial clients across the Northeast and Midwest. Financial terms were not disclosed. “Union Bay was founded to provide straightforward, client-focused insurance advice and solutions. With Thayer Street’s investment, we’ve strengthened our balance sheet and positioned ourselves to pursue additional acquisitions that expand our reach and enhance the services we deliver to our clients,” Patrick Sullivan, Union Bay Risk Advisors Co-Founder and President.