GTCR Acquires AssuredPartners from Apax VIII (Apax IX Co-Invests)
February 21, 2019
GTCR has agreed to acquire the entire stake in AssuredPartners from Apax VIII in a transaction led by a GTCR-led investor group, with Apax IX co-investing and AssuredPartners' management retaining a significant minority stake. The deal, which reflects a PE-to-PE ownership transition to support continued roll-up and organic growth of the insurance brokerage platform, is expected to close in Q2 2019; terms were not disclosed.
- Buyers
- GTCR, Apax IX (Apax Partners)
- Targets
- AssuredPartners
- Sellers
- Apax VIII (fund advised by Apax Partners)
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Buyout
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