Virtus Investment Partners Acquires Majority Stake in Keystone National Group
March 2, 2026
Virtus Investment Partners completed its previously announced majority investment in Keystone National Group, effective March 1, 2026. The deal adds Keystone’s specialized asset-backed private credit capabilities to Virtus’s multi-boutique platform, with Keystone retaining autonomy over its investment processes, brand, and culture and a significant equity stake.
- Buyers
- Virtus Investment Partners, Inc.
- Targets
- Keystone National Group
- Industry
- Financial Services
- Location
- Utah, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Audax Private Equity Acquires Majority Stake in Keystone
January 15, 2026
Consulting
Audax Private Equity has acquired a majority stake in Keystone, purchasing the global technology and advisory services practice from RLH Equity Partners in a recapitalization that closed January 2, 2026. Concurrently, Keystone spun out its Core AI business as an independent B2B AI SaaS company (Keystone.AI) with RLH retaining a minority stake; Jeff Marowits was named CEO and Greg Richards will remain as a senior strategic advisor.
-
Warburg Pincus Acquires Majority Stake in Keystone Agency Partners; Bain Capital Reinvests
July 16, 2025
Financial Services
Warburg Pincus will acquire a majority stake in Keystone Agency Partners through a private transaction. Bain Capital, which originally launched Keystone in 2020, will retain a minority position via a new investment from Bain Capital Insurance, and the deal is expected to close in Q3 2025 subject to regulatory approvals.
-
Keystone Agency Partners Acquires Keystone Insurers Group
July 1, 2024
Insurance
Keystone Agency Partners (KAP) completed its acquisition of Keystone Insurers Group effective July 1, 2024. The deal brings Keystone Insurers Group’s franchise network into KAP’s PE-backed agency platform, expanding KAP’s regional footprint, distribution capabilities and service offerings to clients.
-
LNC Partners Invests in Virtus LLC
June 5, 2024
Insurance
LNC Partners completed a strategic growth investment in Virtus LLC, a Top 100 insurance brokerage and risk management consulting platform headquartered in Overland Park, Kansas. The capital will support Virtus's organic growth and its "acquire-and-integrate" M&A strategy to expand the company's national footprint and vertical specializations.
-
Creative Planning Acquires Keystone Wealth Partners
April 12, 2022
Financial Services
Creative Planning LLC, a large independent wealth management firm based in Overland Park, Kansas, has acquired Keystone Wealth Partners, an Arizona- and North Dakota-based wealth management firm managing over $644 million in AUM. The deal adds Keystone's 29 employees and 13 advisors to Creative Planning's platform and expands Creative Planning's advisory footprint and capabilities in tax, estate and holistic financial planning.
-
RLH Equity Partners Invests in Keystone Strategy LLC
July 29, 2021
Consulting
RLH Equity Partners has made a growth investment in Keystone Strategy LLC, a strategy, economics, and technology consulting firm that advises large enterprises, law firms and government agencies. The capital will support Keystone’s continued growth and expansion of its interdisciplinary capabilities across data architecture, AI, platform strategy and antitrust/economic advisory services.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.