Reverence Capital Partners Acquires Majority Stake in Sunstar Insurance Group
July 1, 2024
Reverence Capital Partners has agreed to acquire a majority stake in Sunstar Insurance Group, a Memphis-based independent retail insurance broker focused on Commercial P&C, Personal P&C and Employee Benefits. Sunstar’s management will remain in place and roll a material portion of proceeds, while Reverence will provide capital and support to accelerate Sunstar’s organic growth and tuck-in acquisitions across the Southeast and Midwest.
- Buyers
- Reverence Capital Partners
- Targets
- Sunstar Insurance Group, LLC
- Sellers
- Sunstar Insurance Group existing shareholders (including founder/management)
- Industry
- Insurance
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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