American Wholesale Insurance Group (AmWINS), based in Charlotte,N.C., said it plans to sell a majority of its ownership toaffiliates of Parthenon Capital, LLC, a Boston and SanFrancisco-based private equity firm.
The insurance wholesaler said that under the agreement,management would continue to own a substantial portion of thefirm.
Terms of the deal were not released. AmWINS said finalization ofthe deal is subject to normal and customary closing conditions.
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