Truist Insurance Holdings Acquires Constellation Affiliated Partners from RedBird Capital Partners

RedBird Capital Partners to Acquire Affinia from Sovereign Capital Partners

April 23, 2026

Accounting & Tax

Sovereign Capital Partners will exit its investment in Affinia through a sale to RedBird Capital Partners. The deal is subject to approval from the Financial Conduct Authority and is part of Sovereign’s buy-and-build accounting platform strategy that rebranded as Affinia in 2024.

Guardian Capital LLC Acquires Sterling Capital Management from Truist Financial

February 3, 2024

Financial Services

Guardian Capital Group Limited announced it has agreed for its wholly owned subsidiary, Guardian Capital LLC, to acquire Sterling Capital Management from Truist Financial Corporation. The purchase is for $70 million on closing to buy 100% of Sterling’s equity, subject to customary adjustments and earn-outs, with anticipated closing in Q2 2024.

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.

Constellation Affiliated Partners Acquires INSUREtrust

January 14, 2021

Insurance

Constellation Affiliated Partners has acquired INSUREtrust, a specialty wholesale broker and managing general agent (MGA) headquartered in the Atlanta, Georgia area; financial terms were not disclosed. The deal expands Constellation's portfolio and technology-enabled cyber liability and technology E&O capabilities; INSUREtrust founder Steve Haase is retiring and Christiaan Durdaller was named President and CEO.

Constellation Affiliated Partners Acquires Coastal Insurance Underwriters and Cybercom

December 29, 2020

Financial Services

Constellation Affiliated Partners, a New York-based insurance consolidator platform backed by RedBird Capital Partners, has acquired Coastal Insurance Underwriters and Cybercom. The deal brings Coastal's program administration and underwriting capabilities for condominium and homeowner associations together with Cybercom's web-based quoting/underwriting platform to expand Constellation's product and technology offerings in the U.S. market.

Constellation Affiliated Partners Acquires Trinity Transportation Services and Global Claims Service

November 3, 2020

Insurance

Constellation Affiliated Partners acquired managing general agent Trinity Transportation Services and third-party administrator Global Claims Service to expand its transportation insurance platform and claims capacity. The deals integrate Trinity's towing and recovery insurance programs and Global's claims capabilities into Constellation's MGA platform, which is backed by RedBird Capital Partners.