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.

Fiduciary Services Group Acquires Vermont-Based Future Planning Associates

February 17, 2026

Healthcare Services

Fiduciary Services Group (FSG), parent of DWC and PCS Retirement, announced it has acquired Future Planning Associates, Inc. (FPA), a Vermont-based third-party administration (TPA) and recordkeeping firm. The deal expands FSG’s national retirement services platform and strengthens its New England footprint by integrating FPA into DWC’s operational infrastructure.

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.

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.

Omni Agent Solutions Acquired by Fortress Investment Group

March 31, 2026

Professional Services

Omni Agent Solutions Inc., a provider of bankruptcy and corporate restructuring case administration services, was acquired by funds managed by affiliates of Fortress Investment Group. The investment is intended to fund Omni’s next phase of growth, including continued technology development and expanded scale across its core service lines.