Investment Summary |
|
|---|---|
| Date | 2023-04-17 |
| Target | Westland Insurance |
| Sector | Insurance |
| Investor(s) | BroadStreet Partners |
| Sellers(s) | Blackstone Credit |
| Deal Type | Stake Purchase |
| Advisor(s) | Evercore Group (Financial) Stikeman Elliott LLP (Legal) |
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BroadStreet Partners is an insurance brokerage holding company that invests in select, entrepreneurial, high-performing independent agencies that are seeking support for continued growth and a solution for ownership succession. BroadStreet uses a unique co-ownership model that allows its partners to fully participate in the financial rewards of the value they create. BroadStreet Partners was founded in 2001 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 2 of 2 |
| Type (Stake Purchase) | 1 of 1 |
| State (British Columbia) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-11 |
Bearence Management Group
West Des Moines, Iowa, United States Bearence Management Group is an insurance brokerage and financial services firm engaged in the sale and distribution of property and casualty, life and health, employee benefits, investments and risk management products and services. |
Buy | - |
Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 1 of 1 |
| State (British Columbia) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-20 |
ELC
Savannah, Georgia, United States ELC is an LNG liquefaction facility located near Savannah, Georgia. ELC began full commercial operations in August 2020 and is comprised of 10 Movable Modular Liquefaction Units with a nameplate capacity of approximately 2.5 million tons per annum of liquefied natural gas (LNG) for export, which is equivalent to approximately 350 million cubic feet (MMcf) per day of natural gas. |
Buy | - |
