Virtus LLC Merges with Kemmons Wilson Insurance Group
July 21, 2022
Overland Park-based Virtus LLC announced a partnership/merger with Memphis-based Kemmons Wilson Insurance Group (KWIG), bringing KWIG’s hospitality-focused insurance practice into Virtus. The combined firm will have 100+ employees, an in-force book of business exceeding $250 million (premium) and roughly $20 million in revenue, placing Virtus inside the Top 100 U.S. insurance brokerages; the Wilson family will keep a seat on Virtus’ board.
- Buyers
- Virtus LLC
- Targets
- Kemmons Wilson Insurance Group LLC
- Industry
- Insurance
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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