Simpson Thacher & Bartlett: Audax Private Equity to Invest in Oakbridge Insurance Agency

WASHINGTON, Sept. 28 -- Simpson Thacher and Bartlett, a law firm, issued the following news:

Simpson Thacher is representing Oakbridge Insurance Agency LLC ("Oakbridge"), a leading independent insurance and risk management agency, in connection with the announced partnership of Audax Private Equity alongside management to invest in Oakbridge. Oakbridge was formed in December 2020 by Chief Executive Officer and Co-Founder Robbie Smith and Corsair Capital ("Corsair"). The transaction includes the sale by Corsair of its investment in Oakbridge. Terms of the transaction were not disclosed.

Oakbridge is a scaled insurance brokerage firm focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services. Led by an experienced management team, the Company has developed an integrated "One Oakbridge" operating model driven by partnership with employees and a culture committed to client service. Oakbridge has exhibited strong growth over the past several years, driven by consistent organic growth and the completion of 25 acquisitions since inception.

The Simpson Thacher team includes Sebastian Tiller, Johanna Mayer, Izaak Lustgarten and Cathleen Ye (M&A); Larry Moss, Meredith Brenton and Guanxiong Xu (Executive Compensation and Employee Benefits); Jonathan Goldstein, Andrew Mandelbaum and Matthew Lester (Tax); Lori Lesser and Kate Mirino (Intellectual Property); Steven DeLott (Insurance); Krista McManus (Real Estate); Brian Gluck and Dennis Durkin (Credit); and Erica Rozow and George Gerstein (ERISA).

* * *

Original text here: https://www.stblaw.com/about-us/news/details?id=72990c0f-743d-6a02-aaf8-ff0000765f2c