Ropes & Gray Guides Genstar Buy Of Midwest Insurance Co.

Law360, New York (March 1, 2013, 1:52 PM EST) -- Middle market private equity firm Genstar Capital LLC has bought up retail insurance brokerage group Acrisure, adding the Midwest-focused regional servicer to its growing insurance and financial services group, according to a Friday statement.

The deal gives Genstar a new toehold in the region and a company that holds the number 50 spot in largest privately owned insurance agencies in the U.S, the private equity firm said.

Financial details of the deal were not disclosed, and spokesman for Genstar declined to comment further. A representative for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.