RECENT RELEASES
Galway Holdings-
Business
Galway Holdings (Galway Insurance or Galway), the holding company for EPIC Brokers & Consultants and JenCap Holdings, is a diversified insurance brokerage distribution platform with retail, wholesale, program administration and managing general agent capabilities. In total, Galway manages over $7 billion of insurance premiums and operates over 100 offices serving all 50 states.
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Harvest Partners Investment
In December 2020, Harvest led the recapitalization of Galway in partnership with Oak Hill Capital, The Carlyle Group and management. To fund the acquisition, Harvest, Oak Hill Capital and The Carlyle Group provided equity capital and arranged the financing. In addition, Harvest arranged equity co-investment capital.
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Investment Thesis
- Leading provider in a large, fragmented and growing end market
- Diversified, vertically integrated, insurance brokerage model
- Recurring revenue with strong, stable cash flows
- Strong history of organic growth with multiple organic growth levers
- Actionable industry consolidation opportunity, with a proven M&A strategy and deep pipeline of acquisition candidates
- Committed and talented management team with a track record of success
