Reinsurance News

BBH Capital acquires Sunstar Insurance Group

2nd July 2020 - Author: Charlie Wood

BBH Capital Partners (BBHCP) has acquired a majority stake in regional US insurance broker Sunstar Insurance Group.

handshakeWhile terms of the transaction were not disclosed, it has been confirmed that Sunstar management and key employees will remain significant shareholders alongside BBHCP.

The transaction with BBHCP provides Sunstar with additional capital to maintain its current momentum and accelerate long-term growth.

Sunstar has grown to become one of the largest independent insurance brokers in the US, having completed over 25 acquisitions within its core geography.

“We are thrilled to partner with the BBHCP team. Since our founding in 2012, Sunstar has been committed to creating the preeminent insurance broker in the Southeast and lower Midwest,” said Casey Bowlin, Sunstar’s Chief Executive Officer.

“The investment by BBHCP will enable us to create new opportunities for our employees, customers and carrier partners and will further accelerate our organic and M&A growth strategies.”

“Casey Bowlin and the Sunstar team have built an impressive insurance brokerage franchise. The BBHCP team looks forward to supporting Sunstar in its future growth initiatives,” said Patrick Kruczek, Managing Director at BBH and Co-Manager of BBHCP.

“With BBHCP as a flexible capital partner, we believe that Sunstar’s best days are ahead, and we are excited to be a part of this next chapter of growth,” added Michael Boylan, Managing Director at BBH and Co-Manager of BBHCP.

Piper Sandler & Co. served as exclusive financial advisor to Sunstar in this transaction, and Bass, Berry & Sims served as the company’s legal counsel. Katten Muchin Rosenman served as legal counsel to BBHCP.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Capsicum Re helps Arch secure additional mortgage reinsurance

Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has secured $528 million of...