Harvest Partners Acquires Majority Interest in Galway Holdings

Oak Hill Capital and The Carlyle Group Form Galway Insurance Holdings; EPIC and JenCap Contributed; JenCap Acquires Quaker Special Risk

June 19, 2020

Financial Services

Oak Hill Capital and The Carlyle Group announced the formation of Galway Insurance Holdings, a new holding company built by contributing Oak Hill-backed EPIC Insurance Brokers & Consultants and Carlyle-backed JenCap Holdings. As part of the strategy, JenCap simultaneously closed the acquisition of Quaker Special Risk to expand Galway’s wholesale/MGA and specialty distribution capabilities across multiple U.S. markets.

Galway Holdings Invests in MAI Capital Management

August 16, 2021

Wealth Management

Galway Holdings announced an investment in MAI Capital Management, adding a wealth and financial management vertical to Galway’s platform and enabling MAI to accelerate organic growth and M&A. MAI’s executive team will remain in place, Wealth Partners Capital Group will retain an equity stake, and Galway — backed by private equity investors including Carlyle, Oak Hill and Harvest — will integrate MAI’s services with its EPIC insurance distribution capabilities.

Century Equity Partners Acquires Majority Stake in Hancock Claims Consultants

January 7, 2021

Insurance

Century Equity Partners has become the new majority owner of Hancock Claims Consultants Holdings, LLC, a U.S.-based property and casualty claims inspection and mitigation services provider. The investment will supply capital to expand Hancock's field resources, accelerate growth and pursue add-on acquisitions while founder Brad Hancock retains a significant ownership position.

Hub International Acquires John Galon Insurance Services Ltd. and Galon Management Ltd.

February 2, 2021

Insurance

Hub International Limited acquired John Galon Insurance Services Ltd. and Galon Management Ltd., a three-generation insurance brokerage with operations in Regina and Saskatoon, Saskatchewan. The acquisition (terms not disclosed) expands Hub's Prairie footprint and strengthens its specialty insurance capabilities across personal, commercial and agribusiness lines.

Harvest Partners SCF Invests in Advancing Eyecare

February 15, 2019

Medical Devices

Harvest Partners SCF, LP led a non-control growth investment in Advancing Eyecare Holdings, Inc., the Atlantic Street Capital-backed ophthalmic instrument distributor formed from Lombart Instrument and Marco Ophthalmic. Proceeds were used to fund the strategic merger; Atlantic Street Capital remains the majority shareholder and HP SCF gained board representation. Terms were not disclosed.

GI Partners Recapitalizes Insurity, Inc.

June 21, 2019

Cloud & SaaS

GI Partners completed a recapitalization of Insurity, Inc., acquiring the leading cloud-based policy administration and analytics software provider for the Property & Casualty insurance industry from existing investors TA Associates, General Atlantic, and Genstar Capital. GI Partners will partner with Insurity's senior management to accelerate growth, expand product capabilities, and pursue add-on acquisitions to drive organic and inorganic expansion.