Aquiline Capital to sell Beach to PE-backed Acrisure
Beach & Associates Ltd, a Toronto-based specialty reinsurance intermediary, has agreed to be acquired by Acrisure LLC, a Caledonia, Michigan-based provider of insurance brokerage services. No financial terms were disclosed for the deal, which is expected to close in Q1 2018. The primary seller is U.S. private equity firm Aquiline Capital Partners, which acquired a majority stake in Beach in 2014. Beach will retain its name and continue to operate as an independent advisory and broking business within Acrisure. Acrisure closed a management-led buyout in 2016 in partnership with ABRY Partners, Genstar Capital and other investors.
29 January 2018•2 mins read
