Altamont Capital Partners invests in Celestite

San Francisco Bay area-based private equity firm Altamont Capital Partners said Tuesday that it has acquired a majority stake in Celestite. No financial terms were disclosed. Dowling Hales and Akin Gump advised Celestite on the transaction while Ropes & Gray advised Altamont. Headquartered in Dallas, Celestite is an insurance agency focused on the non-standard auto sector.

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