Filed Under:Agent Broker, E&S/Specialty Business

Insurance Wholesaler AmWINS in $1.3B Recapitalization Deal

April 17 (Reuters) - AmWINS Group Inc, the largest wholesale insurance broker in the United States by premiums placed, said it reached an agreement with private equity company New Mountain Capital for a $1.3 billion recapitalization.

The deal will end AmWINS' relationship with buyout firm Parthenon Capital Partners LLC, which had bought a majority stake in the company in 2005.

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