ABRY Partners Completes Capital Investment into NSM Insurance Group
NewsRx
ABRY Partners (ABRY), one of the most experienced and successful sector-focused private equity investment firms in North America, recently completed a capital investment into NSM Insurance Group with the goal of enhancing the company's existing growth and acquisition strategy. NSM Insurance Group is a leader and national expert on insurance program administration.
"ABRY Partners provides more fuel for our acquisition and internal growth plans," said Geof McKernan, CEO, NSM Insurance GroupNow ABRY Partners boosts our ability to seek out new opportunities for growth through acquisition, organic program development and other direct and risk-bearing underwriting deals."
"We're excited about investing in NSM Insurance Group. They are proven leaders in the program insurance space and we believe strongly in their culture of growth, profitability and stability," said Brent Stone, a Partner at ABRY. "They have a unique combination of successful executive leadership, resilient and deep marketing distribution, and rock-solid underwriting expertise."
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(c) 2012 Marketing Weekly News via VerticalNews.com
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