EQT Acquires Majority Stake in McGill and Partners

EQT X entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus in a transaction valuing the specialty insurance broker at $2.0 billion. Warburg Pincus will sell its stake in full, while founder Steve McGill, chairman John Lloyd, management and employees will retain meaningful ownership; the deal is expected to close in the first half of 2027.