BroadStreet Partners, a leading middle-market insurance brokerage, has completed a strategic investment led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group.
This marks a significant milestone in BroadStreet’s growth, with participation from T. Rowe Price Investment Management, Inc., while Ontario Teachers’ Pension Plan retains a substantial co-control stake, continuing its collaboration with the investor group.
Known for its unique co-ownership model with independent agencies, BroadStreet offers comprehensive commercial and personal property and casualty insurance, as well as employee benefits.
The company provides its Core Agency Partners with M&A capabilities, capital solutions, and essential resources to drive organic growth, all while focusing on innovation and digital transformation for long-term success.
Advisors: Ardea Partners was the lead financial advisor for Ontario Teachers’ and BroadStreet, with RBC Capital Markets and BMO Capital Markets as co-advisors. Latham & Watkins and Torys provided legal counsel for Ontario Teachers’ and BroadStreet, while Kirkland & Ellis represented Ethos Capital. Debevoise & Plimpton advised BCI, and Cravath, Swaine & Moore represented White Mountains.
