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Parthenon Capital to buy American Wholesale Insurance Group

19/09/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityBoston and San Francisco-based private equity firm Parthenon Capital has agreed to acquire a majority stake in American Wholesale Insurance Group. The company's management will continue to own a substantial portion of the company.

Financial details of the transaction have not been disclosed.

AmWINS is a wholesale insurance brokerage firm serving retail agents throughout the US by providing property and casualty brokerage, programme administration, and group life and health brokerage services. The company has offices in over 35 locations across the US.

Parthenon is a $1.1bn private equity firm with offices in Boston and San Francisco. It provides equity capital to mid-sized companies with revenues between $50-500m.

The firm focuses on the business/financial services, healthcare, value-added distribution, consumer products and niche manufacturing sectors.

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