Axar Capital Management Acquires Pavonia Life Insurance Company of Michigan

Aquarian Holdings Acquires Pavonia Life Insurance Company of New York

February 16, 2021

Insurance

Aquarian Holdings has closed its acquisition of Pavonia Life Insurance Company of New York from a wholly owned U.S. subsidiary of Enstar Group Limited. The deal expands Aquarian's insurance portfolio (PLICNY is the firm's second insurance acquisition); financial advisor to Aquarian was RBC Capital Markets and legal advisor was Debevoise & Plimpton. Terms were not disclosed and the transaction completed following customary regulatory approvals.

Verso Wealth Management Acquires Pavis Financial Management

January 27, 2022

Wealth Management

Verso Wealth Management, a portfolio company of Cairngorm Capital Partners, has acquired Liverpool-based Pavis Financial Management Limited. The acquisition expands Verso's national footprint by creating a North West hub and adds scale to its digital wealth management group; Pavis will continue to be led by Quentin McCormick with founder/chair Bob Newton remaining part-time.

Konkordia Capital and AAVIN Private Equity Acquire Phoenix Loss Control

May 6, 2020

Industrial Services

Konkordia Capital and AAVIN Private Equity have acquired Phoenix Loss Control, a Denver-based firm that helps utilities, cable and telecommunications companies recover costs for repairing outside-facility damage and replacing damaged infrastructure. As part of the transaction, Andrew Czernecki (Managing Partner at Konkordia) will become CEO; sellers include founders/operators William Rush and Cathy Barna. AAVIN is investing from its fund as an SBIC-backed private equity firm while Konkordia acts as a proprietary investment vehicle providing growth capital and liquidity solutions.

Audax Private Equity Acquires Oakbridge Insurance from Corsair

September 26, 2023

Insurance

Audax Private Equity has partnered with Oakbridge's management team to acquire a majority stake in Oakbridge Insurance Agency LLC from Corsair Capital; terms were not disclosed. Audax said it will support Oakbridge's buy-and-build strategy to accelerate growth across the Southeast while Oakbridge's management and employees retain a significant ownership position.

Paeonia Industries Acquires the Savant Group

March 3, 2025

Industrial Services

Paeonia Industries, the industrial operating platform of Singapore-based Paeonia Group, has acquired the Savant Group, a Midland, Michigan–based consortium of companies specializing in lubricant testing, laboratory instrumentation, and materials certification. The deal will keep Savant's operations in Midland while leveraging Paeonia's global resources to expand capabilities and market reach in the energy, automotive and manufacturing end markets.

Avantax Acquires GA Investment Management

May 20, 2024

Wealth Management

Avantax has acquired Pennsylvania-based GA Investment Management, onboarding $400 million of GA client assets to its platform and converting 10 GA employees to Avantax W-2 employees. The GA partners selected Avantax as part of a succession plan because of aligned tax-focused planning, in-house asset management, eMoney compatibility, and access to Avantax's network for future advisor growth.