Financial services

Beneficial Insurance Solutions (BIS) is a brokerage offering a range of insurance services.

Catching up with Matt Raino, a partner and co-head of financial services at Madison Dearborn Partners, about opportunities that the firm identified with its Insurance Office of America investment; Carlyle releases proprietary indicators providing some windows into the health of the US economy; Broad Sky Partners portfolio company Commonwealth Electrical Technology makes its debut add-on.

TruStage is a Madison, Wisconsin-based insurance and financial services provider.

'MDP believes there are multiple drivers to accelerate organic growth that are not reliant upon industry tailwinds,' Raino said.

Salata will succeed founder Conni Jonsson, who will step down at the annual shareholders’ meeting in 2026.

MDP is making this investment alongside Navacord, a Canadian insurance brokerage and financial services firm as well as IOA producers and employees.

The deal is expected to close prior to the end of the first quarter of 2026.

Racine will play a strategic role in expanding its presence and partnerships across France.