Partners Group to acquire Foundation Risk Partners, a specialist insurance broker in the US, from Warburg Pincus - Seite 2

Partners Group will work with management to drive further growth at FRP and expand its presence across the US. Key value creation initiatives will include refining the acquisition strategy and expanding M&A, introducing the product suite in new geographies, investing in technology, and further leveraging the operating model.

Joel Schwartz, Partner, Co-Head Private Equity Services, Partners Group, says: "FRP provides us with access to the growing insurance brokerage market in the US, which benefits from stable non-discretionary demand and favorable tailwinds. We have been tracking this market for several years and were attracted to FRP's diversified service offering and client base, as well as the transformational platform-building opportunity it represents. We look forward to working with FRP's very experienced management team on implementing the value creation plan."

Charlie Lydecker, Chief Executive Officer, Foundation Risk Partners, comments: "At FRP, we pride ourselves on our industry experience, client commitment, and market leading innovation. Since 2017, we have grown significantly, deepened our expertise across all product lines, and enhanced our client offering. As we look to grow and break into new markets, we believe Partners Group's track record of building leading platforms, as well as its deep resources, will be highly valuable to the next phase of our growth."

Jeff Stein, Managing Director, Warburg Pincus, adds: "Since its launch over five years ago, we have seen FRP experience a transformative period of organic and acquisitive growth, while building out robust capabilities in technology integration. We are proud of our partnership with Charlie and the Foundation Risk Partners team to-date and believe the Company is well-positioned for continued success as a leading insurance agency. We are excited to work with Partners Group moving forward as the Company enters this next phase of growth."