Fortitude Group Holdings Acquires AIG Third-Party Administrators FLAS and FPCS

The Carlyle Group and T&D Acquire Majority Interest in Fortitude Group Holdings from AIG

November 25, 2019

Insurance

A Carlyle-managed fund together with T&D Holdings acquired a 76.6% interest in Fortitude Group Holdings (which operates as Fortitude Re) from American International Group (AIG) for approximately $1.8 billion (AIG received about $2.2 billion including additional consideration). Post-closing ownership is Carlyle and its fund investors ~71.5%, T&D 25% and AIG 3.5%; the deal positions Fortitude Re as an independent platform focused on reinsurance and run-off management for legacy insurance liabilities.

Altus Fire & Life Safety Acquires Facility Compliance Services (FCS)

December 16, 2024

Industrial Services

Altus Fire & Life Safety, a portfolio company of funds advised by Apax Partners LLP, has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (FCS), a Connecticut-based provider of inspection, testing, maintenance and compliance services. The acquisition is an add-on that expands Altus' geographic footprint into Connecticut and strengthens its fire protection and life safety service capabilities.

Arthur J. Gallagher & Co. Acquires Specialty Risk Management Services, LLC and Private Client Insurance Services, LLC

April 1, 2024

Insurance

Arthur J. Gallagher & Co. (Gallagher) acquired Fort Myers, Florida-based Specialty Risk Management Services, LLC and its affiliate Private Client Insurance Services, LLC. The acquired agencies — which manage property insurance programs for Florida businesses and provide commercial, condominium association and personal lines — will continue operating from their Fort Myers location with their current team under Gallagher's Southeast retail P/C leadership; terms were not disclosed.

Fiduciary Services Group Acquires Future Planning Associates

February 17, 2026

Financial Services

Fiduciary Services Group (FSG) has acquired Future Planning Associates, Inc. (FPA), a Vermont-based third-party administrator and recordkeeper, and will integrate the business into DWC, FSG’s national TPA platform. The acquisition strengthens FSG’s New England footprint, adds recordkeeping capability, and addresses FPA’s upcoming technology transition by leveraging PCS Retirement’s modernization experience.

Abacus Group Merges with Medicus IT to Create FFL-backed Financial Services & Healthcare MSP

July 15, 2025

IT Services

FFL Partners has completed the merger of its portfolio companies Abacus Group and Medicus IT to form a new multi-vertical managed IT services provider focused on financial services and healthcare. The combined business — led by Abacus CEO Anthony D'Ambrosi — will scale managed services across IT operations, multi-cloud, cybersecurity, data and AI to serve compliance-focused clients; financial terms were not disclosed.

Aquila Software Acquires Financial Risk Solutions (FRS)

December 12, 2018

Software

Aquila Software announced the acquisition of Financial Risk Solutions (FRS), the developer of the InvestPro investment administration platform serving life assurance, pensions and asset management clients. Aquila said the deal will enable further product development and expansion of InvestPro's geographic reach while retaining FRS leadership and supporting long-term client relationships.