K2 Insurance Services Acquires Majority Stake in Columbia Pacific Finance

Lee Equity Acquires Majority Stake in K2 Insurance Services

May 14, 2019

Financial Services

Lee Equity Partners has signed a definitive agreement to acquire a majority ownership interest in K2 Insurance Services, a San Diego-based specialty insurance services holding company that owns a group of managing general agents (MGAs). K2's management, led by CEO Bob Kimmel, will remain in place with a meaningful equity stake; K2's carrier Aegis Security Insurance Company will be spun off and remain with Endeavour Capital and Patrick Kilkenny. The investment is intended to support K2's organic growth and acquisition-driven expansion of its specialty MGA platform.

Warburg Pincus Acquires K2 Insurance Services from Lee Equity Partners

December 1, 2022

Insurance

Warburg Pincus has agreed to acquire K2 Insurance Services from Lee Equity Partners to support the company's next phase of growth, including M&A and de-novo incubation. K2, a San Diego-based specialty insurance program manager that services over $1 billion in premiums through a portfolio of MGAs, will be backed by Warburg Pincus to expand its underwriting and distribution capabilities.

PCF Insurance Services Acquires Insurance Business of Top Insurance Associates

September 17, 2024

Insurance

PCF Insurance Services (a top-20 U.S. insurance brokerage) has acquired the insurance business of Top Insurance Associates, based in Snohomish, Washington. The Top Insurance Associates team will join PCF's Fortiphi Insurance to expand PCF's presence and service capabilities across Washington and the broader Pacific Northwest as part of PCF's ongoing acquisitional growth strategy.

IMA Financial Group Acquires k.p.d. Insurance

March 15, 2021

Insurance

IMA Financial Group announced a partnership to bring Oregon-based k.p.d. Insurance Inc. into the IMA family effective April 1, 2021, expanding IMA's brokerage footprint into the Pacific Northwest. k.p.d. will retain its name and leadership (CEO Kyle Hudson) and contribute nearly 100 employees across Portland and Springfield, Oregon, to lead IMA's Pacific Northwest region.

PCF Insurance Services Completes Strategic Partnership with Western States Insurance

February 3, 2021

Insurance

PCF Insurance Services announced a strategic partnership with Western States Insurance of Spanish Fork, Utah, with PCF investing in the agency and Western States' president Matt Barber becoming a partner/owner at PCF. Western States will continue to operate under its brand while gaining access to PCF’s products, shared services and sales/marketing infrastructure to support growth in the Utah region.

NFP Acquires Olson & Olson Insurance Services, Inc.

November 29, 2022

Insurance

NFP has acquired Olson & Olson Insurance Services, Inc., adding the Denver-area insurance brokerage's commercial P&C, surety and group benefits capabilities to NFP's West region. The Olsen team — including leaders Darrell Olson II and Lance Olson — will join NFP to expand the firm's construction-specialty commercial property & casualty offering across Colorado and the broader West region.