Private Equity-Backed Insurance Acquisitions

King Risk Partners, the 51st largest U.S. insurance brokerage, has acquired Lewis Insurance, a Thomasville, Georgia-based agency, to bolster its Southern presence. Lewis Insurance — led by owner Jason Lewis — will continue delivering local personal and commercial insurance services while gaining access to King Risk Partners' broader resources and capabilities.

THI Investments, a pan‑European private equity investor, has acquired a majority stake in LOGICHECK, a Germany‑based tech‑enabled provider of claims‑verification solutions for complex motor insurance claims. LOGICHECK's founders and management retain a significant minority stake; THI said it will support growth, broaden the product set and scale the business across insurers.

King Risk Partners has affiliated Albany-based Ten Eyck Group, an independent insurance agency with over 120 years of history, to deepen its presence across New York and the broader Northeast. The move — executed by the PE-backed King Risk Partners platform — is intended to expand local personal and commercial insurance offerings while preserving Ten Eyck Group's client-focused service model.

King Risk Partners, a leading U.S. insurance brokerage headquartered in Gainesville, Florida, has acquired Hanc Group, an Alpharetta, Georgia-based insurance agency serving individuals and businesses—particularly Georgia’s Korean community. The deal expands King Risk Partners’ presence across Georgia and adds local expertise in personal, commercial, and employee-benefit insurance offerings.

Revau Advanced Underwriting, a Novacap-backed North American MGA, has acquired Triad Oilfield Underwriters, a Houston-area MGA and wholesale broker specializing in oil & gas and marine risks. The add-on expands Revau's specialty underwriting and placement capabilities in the U.S., enhancing its energy and marine product offering and U.S. footprint.

Gauge Capital has made a strategic growth investment to recapitalize Affordable American Insurance (AAI), a tech-enabled property & casualty insurance agency network. The investment will provide growth capital to expand AAI's team and resources, accelerate organic expansion across its agency network, and pursue strategic acquisitions to scale the national platform.

BharCap Partners' portfolio company Insurvia has acquired Pronto Insurance, a Texas-based distributor and managing general agent (MGA) of personal lines insurance founded in 1997. The deal expands Insurvia's revenue and EBITDA, broadens its geographic presence (notably in Texas and California), and adds a complementary MGA capability to its platform; Pronto will continue to operate as a distinct brand.

Hilb Group, a Carlyle-backed insurance brokerage, completed its 200th acquisition with the addition of an undisclosed South Carolina-based property & casualty and employee benefits agency effective February 1, 2026. The deal expands Hilb Group's Southeast footprint and enhances its full-service risk solution capabilities across property & casualty and employee benefits offerings.

WalkerHughes Insurance, a privately held, founder-led retail brokerage headquartered in Indianapolis, has acquired Inman Insurance Agency (Salem, Missouri) and Clark Insurance Agency (Ballwin, Missouri). The deals expand WalkerHughes' presence across south-central Missouri and the greater St. Louis metro as part of its ongoing strategy to build local density through acquisitions; both agency owners will remain with the firm for at least three years to support client continuity.

Clear Group has acquired Shire Insurance Services Limited (SIS), a specialist UK insurance broker focused on the veterinary sector. The Alcester-based firm (founded 1981) employs ~15 people and will remain led by majority shareholder Keith Dickinson, with the deal adding veterinary expertise to Clear's UK Retail pillar.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has added Florida Insurance, a Dunedin, Florida-based insurance agency, to its growing network. Financial terms were not disclosed; Florida Insurance will continue day-to-day client service while gaining access to Trucordia's resources and support.

Integrity Marketing Group (Integrity) has acquired AIMCOR Group, a national insurance distribution organization based in Malvern, Pennsylvania. AIMCOR’s leadership and owners will remain with the business and become owners in Integrity as the companies integrate AIMCOR’s BGA-focused distribution, services and technology into Integrity’s life, health and wealth platform.

SageSure has completed the acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiaries, including Olympus Insurance Company, to support its Florida growth strategy and focus on mass-affluent homeowners. As part of the transaction, Valence Insurance Holdings (parent of SageSure's carrier partners Auros and Interboro) acquired Olympus Insurance Company; the deal expands SageSure's managed in-force portfolio to roughly 130,000 policies and ~$700 million of gross written premium in Florida.

Hilb Group, a Richmond-based property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired an unnamed Pennsylvania-based property and casualty agency effective January 1, 2026. The acquisition expands Hilb Group’s presence and product offering across the Mid-Atlantic region as part of its ongoing acquisitive growth strategy.

J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.

Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.

Inszone Insurance Services has acquired Voyage Benefits, LLC, a Grand Rapids, Michigan-based health and life insurance agency led by Kelly Syren. The acquisition expands Inszone's benefits capabilities and presence in Michigan while Voyage Benefits will continue operating from its Grand Rapids location with access to Inszone's carrier relationships and resources.

Warner Pacific, a national general agency backed by Lovell Minnick Partners, has completed the acquisition of Local Insurance Advisors (LIA), an Oklahoma-based Medicare and individual health insurance advisory firm. The deal expands Warner Pacific's Midwest footprint and enhances its Medicare and individual health insurance distribution capabilities, with LIA co-owners joining Warner Pacific as Regional Vice Presidents.

IK Partners’ Small Cap IV fund has acquired a majority stake in Ascora Group in a management buyout that supports founder Stéphane Henry’s succession. The deal strengthens Ascora’s buy-and-build strategy across France—particularly in Real Estate and Property & Casualty—while enabling CEO Bruno Deschamps and the management team to increase their ownership and accelerate investments in sales and digital tools.

Peloton Capital Management has made a strategic minority investment in Starfish Specialty Insurance, a New York–based managing general agent (MGA). The capital will support Starfish’s rapid scaling plans and position the company to pursue strategic acquisitions while keeping the founding team as significant stakeholders.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's nationwide insurance platform, adding local presence in the Dallas–Fort Worth area and access to Global Financial's personal, commercial and specialty industry insurance capabilities.

Jordan Partners LLC has made a strategic growth investment in Vanguard Claims Administration, a family-owned third-party administrator (TPA) and independent adjusting platform serving property and casualty insurance markets. The capital will support Vanguard’s investments in technology, data/reporting, client infrastructure and a disciplined tuck-in acquisition strategy while preserving founder-led culture and client relationships.

LNC Partners, a middle-market private equity firm, has completed a strategic growth investment in Bennie Health, a New York–based employee benefits broker and HR-focused technology platform. The capital will be used to accelerate Bennie's growth, expand its employee-facing technology, and support strategic M&A initiatives.

EPIC Insurance Brokers & Consultants has acquired Sentry Transportation's direct writing operation, a carve-out from Sentry Insurance that brings more than 500 transportation clients and the associated team. The acquired operation and team will join EPIC's Interstate Motor Carriers business, strengthening EPIC's national Transportation & Logistics practice and trucking insurance capabilities.

SIB Corp. (StoneRidge Insurance Brokers), a PE-backed Canadian insurance brokerage platform, has acquired Coreservice Insurance Brokers Inc., a North York, Ontario-based full-service brokerage. Founders Kevin Choi and Halim Lee will remain in leadership during a gradual transition as SIB expands its footprint in the Greater Toronto Area to strengthen personal and commercial lines capabilities.

The Hilb Group, a Carlyle-backed insurance brokerage based in Richmond, Virginia, has acquired a Michigan-based property and casualty agency effective December 1, 2025. The acquisition expands Hilb Group's property and casualty footprint across the Midwest as part of its ongoing roll-up strategy.

King Risk Partners has acquired Acacia Insurance, an independent insurance agency headquartered in Waltham, Massachusetts, to expand its presence in the New England market. The deal adds Acacia's personal and commercial lines expertise and local client relationships to King Risk's platform to accelerate regional growth and broaden service offerings.

Cathay Capital has completed the sale of its approximately 5% minority stake in the Diot-Siaci Group, closing the ownership restructuring that was announced earlier in 2025. The buyer for Cathay's stake was not disclosed in the announcement; the group's shareholder base includes the Burrus Group and management as majority holders and institutional investors such as Ontario Teachers', Bpifrance and Mubadala, with Ardian named as a lead investor in the broader ownership reorganisation.

NMS Capital Group, the Saliba family office-backed private equity firm, has acquired Get Cover Technologies, the parent company of Get Cover, a Los Angeles-based insurtech that provides cloud-based warranty and service contract solutions. The deal positions NMS to expand its presence in technology-enabled insurance while enabling Get Cover to scale its platform across B2B, B2C and education channels and accelerate product rollout and customer growth.

King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.

H.I.G. Capital, through one of its affiliates, has made a strategic investment in Rely Home, a nationwide home warranty provider. Rely’s founder Victor Hakim and senior management will continue to lead the business and retain a significant ownership stake; the investment will support Rely’s expansion, technology enhancements, and improvements to the customer and technician experience.

Align Capital Partners (ACP) completed a growth capital investment in Advantage Investigations, a national insurance investigative services platform, with CEO Shelly Kummings remaining in place. The partnership will support Advantage's national expansion, technology and AI investments, and continued M&A activity to expand its insurance services offerings.

Argosy Healthcare Partners completed a recapitalization and partnership with Integrated Solutions for Benefits and Insurance Services (IS Benefits), a Hooksett, New Hampshire–based stop-loss and employee benefits consulting firm. The investment will support IS Benefits' technology investments, geographic expansion, and scaled delivery of stop-loss underwriting, specialty drug management, and claims auditing services.

Hilb Group announced the acquisition of a New Jersey-based property and casualty business, effective November 1, 2025, to expand its footprint in the Tri‑State region. Hilb Group is a portfolio company of The Carlyle Group and continues to grow through strategic add-on acquisitions.

Hilb Group, a Carlyle-backed property & casualty and employee benefits broker, acquired a Rhode Island–based property and casualty agency (OceanPoint Insurance) effective November 1, 2025. The acquisition expands Hilb Group’s New England presence and adds a personal-lines-focused book of business to its regional portfolio.

Inszone Insurance Services has acquired Western Republic Insurance Services, a family-owned insurance agency based in Huntington Beach, California. The deal expands Inszone's presence in Southern California and brings Western Republic's contractor-focused commercial insurance book and team into Inszone's national brokerage platform.

ALKEME Insurance, a national insurance brokerage based in Ladera Ranch, California, has acquired USA Health Insurance, a Woodstock, Georgia agency specializing in personal health, Medicare, and national group benefits. The deal expands ALKEME's health benefits capabilities and adds experienced advisors to its growing national platform.

Lee Equity Partners led a $1.6 billion recapitalization of McLarens Global Limited, with participation from several institutional investors, giving existing shareholders the option of partial liquidity while providing McLarens significant new growth capital. McLarens is a global provider of technical insurance claims and risk consulting services with roughly 1,600 experts across a broad international footprint; the capital will support continued geographic expansion and capability build-out.

Renaissance, a national network for independent insurance agencies, has acquired the agency network business of Insurance Services of the West, LLC (doing business as Insurance Agency Network or IAN), which represents more than 70 member agencies and $400 million in premium volume. The deal expands Renaissance's national footprint into 12 additional states and gives IAN members access to Renaissance's carrier/market access, placement services, technology platforms (including new AI tools), and enhanced profit-share opportunities.

Oakbridge Insurance Agency LLC announced that Phoenix Associates, a Marietta, Georgia-based independent insurance agency focused on private schools and daycares, has joined Oakbridge's platform. The deal expands Oakbridge's specialty offerings in the education sector and gives Phoenix access to broader service capabilities and resources to support growth. Oakbridge is PE-backed (Audax Private Equity) and will operate Phoenix as part of its growing agency platform.

Bishop Street Underwriters, a portfolio company of RedBird Capital Partners, has acquired Avid Insurance Services from Beech Tree PE LLP. Avid, a London-based managing general agent that serves niche markets including travel, social housing and construction, will join the Bishop Street platform to expand specialty underwriting capabilities in the UK.

HGGC completed an investment in Sterling Brokers, a Toronto-based benefits brokerage and third-party administrator, acquiring the company from True Wind Capital. Financial terms were not disclosed; Carlyle Direct Lending and Northleaf Capital Partners provided debt financing to support the transaction.

Amwins has acquired Applied Risk Capital (ARC), a Managing General Agent (MGA) specializing in credit insurance for the leveraged finance market. ARC will join Amwins Underwriting to expand Amwins' credit insurance and underwriting capabilities for banks, funds and institutional investors; BMO Capital Markets served as exclusive financial advisor to ARC on the sale.

Balavant Insurance Group, a national managing general agency (MGA) platform based in Novato, California, has acquired TIMBY Specialty Insurance Solutions, an inland marine program manager headquartered in Everett, Washington. TIMBY will continue to operate under its brand with its team joining Balavant, expanding Balavant’s inland and ocean marine capabilities and program capacity for transportation, logistics, energy, and construction markets.

ALKEME Insurance, a Top 25 U.S. insurance brokerage based in Ladera Ranch, California, has acquired Alliance Brokerage Corp., a Melville, New York-based property and casualty agency. The add-on strengthens ALKEME's East Coast footprint and adds specialty expertise in real estate and construction insurance.

Inszone Insurance Services has acquired Head Insurance, a long‑standing independent insurance agency based in Goldthwaite, Texas, marking Inszone’s entry into the Texas market. The acquisition brings Head Insurance’s local team and century‑long client relationships into Inszone’s national brokerage platform, expanding carrier access and capabilities for clients.

Inszone Insurance Services, a national insurance brokerage, has acquired Parker-Haskins Insurance, an independent agency based in Dodge City, Kansas. The transaction expands Inszone’s presence in Kansas and brings crop insurance expertise and local client relationships into Inszone’s network.

Stone Point Capital and CPP Investments have acquired a majority stake in OneDigital from Onex in a private-equity led transaction. The investment will support OneDigital’s continued growth and capability expansion across its insurance, employee benefits, HR and retirement services platform, while Onex exits a controlling position.

KKR (funds managed by KKR) has acquired Hoken Minaoshi Hompo Group, a leading omnichannel insurance distributor in Japan, from funds managed/serviced by Advantage Partners. KKR will support the company's growth by strengthening sales capabilities, pursuing organic expansion and bolt-on acquisitions, and leveraging its global insurance expertise.

ALKEME Insurance, a Top 25 national brokerage backed by GCP Capital Partners, has acquired Gotham Brokerage Co., a New York–based agency specializing in condominium, co-op and renters insurance across Brooklyn and Manhattan. The deal expands ALKEME's Northeast footprint and personal-lines capabilities while allowing Gotham to retain its hands-on service model with access to ALKEME's resources and technology.