American Wholesale Insurance Group (AmWINS) announced today that Parthenon Capital, LLC, a Boston-based private equity firm, has acquired a 70 percent majority of its common stock.
The privately-held Charlotte, N.C.-based insurance wholesaler said the employee owners of AmWINS will continue to own 30 percent of the firm. It did not disclose the price paid for the stock.
Parthenon's block of stock, AmWINS said was purchased from a prior private equity investor as well as certain other individual shareholders.
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