Frontenac Buys Up WNC Insurance Services
NU Online News Service, Feb. 5, 4:12 p.m. EST?The private equity firm Frontenac Company, LLC, of Chicago, said it has acquired a majority interest in WNC Insurance Services, a managing general underwriter based in South Pasadena, Calif.[@@]
Frontenac said the acquisition involves a $50 million stock deal also includes PPM America Capital Partners, LLC; SE Capital, LLC; and ING, all financial institutions.
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