Trending...
- Inkdnylon Custom Apparel Launches Cost-Saving System for Promotional Products and Custom Apparel in Chicago
- Larry R. Wasion Highlights Jump Gate I: Time Chair. The Opening Novel in His Expansive Science Fiction Series
- Evolve Construction Mobilizes Commercial Storm Response Across Illinois With AI-Powered Damage Documentation and Public Adjusters Partnership
CHARLOTTE, N.C., Nov. 15, 2023 ~ Amwins Group, Inc., the largest P&C wholesale broker and global distributor of specialty insurance products and services in the U.S., has completed a significant recapitalization transaction with its existing shareholder group. The transaction saw Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, L.P., and employee shareholders purchase $1 billion in equity from more than 375 Amwins employee shareholders and Public Sector Pension Investment Board (PSP). PSP rolled 80% of their equity position forward.
The completion of the recapitalization transaction means that the employee shareholder group will remain the largest single ownership group with approximately 40% ownership of Amwins. According to Scott Purviance, Chief Executive Officer of Amwins, this was intentional in order to provide their shareholder base periodic opportunities for liquidity without needing to raise outside capital.
More on ncarol.com
"We have provided our shareholders with over $4.1 billion in liquidity since 2018," said Purviance. "Having an existing shareholder base looking to increase their investment speaks to the stability and growth prospects for our business."
Marc Stad, founder and Managing Partner of Dragoneer, Amwins' largest institutional investor, expressed his excitement at increasing their stake in Amwins: "At Dragoneer, we're focused on investing in exceptional companies run by great teams, so we are thrilled to increase our stake in Amwins."
Ryan Clark, President and Managing Partner of Genstar also commented on the transaction: "This is a win-win transaction for everyone involved...Amwins' all common equity capital structure is a unifying and aligned approach to institutional and employee ownership."
Matt Ebbel, Managing Partner of SkyKnight added: "We have been partners with Amwins since 2016...We are excited to continue the journey alongside them."
The recapitalization transaction marks a continuation of Amwins' philosophy of long-term employee and institutional ownership allowing for unique perpetuation of the company and ample liquidity opportunities for employee and institutional investors.
The completion of the recapitalization transaction means that the employee shareholder group will remain the largest single ownership group with approximately 40% ownership of Amwins. According to Scott Purviance, Chief Executive Officer of Amwins, this was intentional in order to provide their shareholder base periodic opportunities for liquidity without needing to raise outside capital.
More on ncarol.com
- Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
- Genpak Announces Closure of Utah Manufacturing Facility
- Newborn Care Network Introduces Clinical Standard to Bridge the Six-Week Postpartum Gap
- The AAA Metamorphosis: How Global Gaming Is Redefining Production Standards
- Monexplora Explains the Options Mechanics Behind March's Tech Selloff and VIX Surge
"We have provided our shareholders with over $4.1 billion in liquidity since 2018," said Purviance. "Having an existing shareholder base looking to increase their investment speaks to the stability and growth prospects for our business."
Marc Stad, founder and Managing Partner of Dragoneer, Amwins' largest institutional investor, expressed his excitement at increasing their stake in Amwins: "At Dragoneer, we're focused on investing in exceptional companies run by great teams, so we are thrilled to increase our stake in Amwins."
Ryan Clark, President and Managing Partner of Genstar also commented on the transaction: "This is a win-win transaction for everyone involved...Amwins' all common equity capital structure is a unifying and aligned approach to institutional and employee ownership."
Matt Ebbel, Managing Partner of SkyKnight added: "We have been partners with Amwins since 2016...We are excited to continue the journey alongside them."
The recapitalization transaction marks a continuation of Amwins' philosophy of long-term employee and institutional ownership allowing for unique perpetuation of the company and ample liquidity opportunities for employee and institutional investors.
0 Comments
Latest on ncarol.com
- NYC Composer/Educator Launches Debut Children's Book to Fantastic Reviews
- EFA Announces 2026 Editorial Rate Chart
- Red5 Taps PubNub to Power the Next Era of Real-Time Interactive Streaming
- Yield Curve Shifts Drive Retail Traders to AI Trading for 126% Annualized Return Stability
- Shoutout Joseph Neibich aka Nybyk
- Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
- LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
- A Cure In Sight Advances Ocular Melanoma Advocacy During Rare Disease Week 2026 in Washington, DC
- Craigory Dunn Introduces "The Craig Nice Report," A Bold Response to the AI Music Debate
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
- New from Regal House Publishing, A Reckoning Up Black Cat Hollow, a psychological crime thriller
- Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
- K4Connect launches K4IQ™, an intelligence layer on FusionOS turning data into actionable insights
- Atelier 4 Appoints Museum Logistics Expert Heather Haldeman as Senior Client Advisor
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry