5 August 2015 Insurance

Odyssey Investment Partners to acquire Integro

Broker Integro has revealed it is set to be acquired by US private equity firm Odyssey Investment Partners.

The Integro management team will remain in place, with certain members of its management team and other employees remaining shareholders in the company.

The transaction is expected to complete in the fourth quarter of 2015 and is subject to customary closing conditions.

Jeffrey McKibben, a managing principal of Odyssey Investment Partners, said: “Integro is an extraordinary success story, and we are committed to supporting its continued development, particularly around its specialty offerings.

“We are enthusiastic to invest in and partner with Integro’s management team led by William Goldstein, John Sutton, Toby Humphreys and Marc Kunney, and share their strategic vision for their business and its focus markets.”

Goldstein, president of Integro, added: “Odyssey is an ideal partner as we build on the powerful platform our early investors helped us put in place. Odyssey’s resources and industry expertise will help accelerate the growth trajectory of our core business and specialty acquisitions.”

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