Reverence Capital Partners Acquires Majority Stake in Sunstar Insurance Group

Sunstar Insurance Group Acquires Renasant Insurance (now Sunstar Insurance Services)

July 1, 2024

Insurance

Sunstar Insurance Group, a regionally focused insurance broker based in Memphis, Tennessee, acquired the assets of Renasant Insurance, Inc. from Renasant Corporation effective July 1, 2024. Renasant Insurance will rebrand as Sunstar Insurance Services, with all leadership and employees joining Sunstar as the acquisition provides Sunstar its first agency presence in Mississippi and expands its products and services in the region.

Sunstar Insurance Group Recapitalized by BBH Capital Partners

June 30, 2020

Insurance

Sunstar Insurance Group completed a majority recapitalization with BBH Capital Partners, with Sunstar management and key employees remaining significant shareholders. The investment provides capital to accelerate Sunstar's organic growth and M&A strategy; LNC Partners will remain a lender and Piper Sandler served as Sunstar's exclusive financial advisor.

Sunstar Insurance Group Acquires Campbell & Company Insurance

August 9, 2021

Insurance

Sunstar Insurance Group has partnered with/acquired Campbell & Company Insurance, adding the Camden-based agency to its Arkansas footprint. Jim Black will join the Sunstar Arkansas executive team and the deal expands Sunstar Arkansas to 87 employees across 12 locations; financial terms were not disclosed.

Reverence Capital Partners Acquires Majority Stake in Ministry Brands

November 5, 2021

Cloud & SaaS

New York-based private investment firm Reverence Capital Partners has made a majority investment in Ministry Brands, a provider of cloud-based software and payments solutions for churches and faith-based organizations. As part of the transaction Ministry Brands is separated from former parent Community Brands (which retains a minority rollover stake) and will operate as a standalone company to accelerate product innovation and digital transformation in the faith-based market.

Reverence Capital Partners Acquires Advisor Group from Lightyear Capital and PSP Investments

September 5, 2019

Financial Services

Reverence Capital Partners agreed to buy Advisor Group, Inc. from Lightyear Capital and the Public Sector Pension Investment Board (PSP Investments) in a deal announced May 2019 and expected to close in Q3 2019. Lightyear and PSP will retain minority stakes and Advisor Group’s existing management (Jamie Price as CEO) will remain in place as the firm continues to grow its network of financial advisors and assets under administration.

AssuredPartners Acquires Star & Shield Insurance Services

January 3, 2020

Insurance

AssuredPartners, Inc. has acquired Star & Shield Insurance Services, a Tallahassee-based insurance agency that specializes in serving first responders and their families. The team of 11 employees and the agency’s approximately $2 million in annualized revenues will join AssuredPartners as part of the firm's continued expansion in the Florida marketplace.