Olympus Partners is pleased to announce that it has sold T&H Group, Inc. to Alliant Insurance Services, Inc. T&H Group, Inc., headquartered in New York, NY, is a leading insurance broker with specialties in surety, construction-related insurance and employee benefits.
Olympus has owned T&H Group since April 2006 when it acquired Tanenbaum-Harber, Inc. and Thesco Benefits, LLC. T&H Group later acquired RFF & Associates and Construction Insurance Brokers.
Rob Morris of Olympus Partners commented, "This investment represents an excellent result for Olympus. The T&H management team successfully acquired and consolidated the operations of two specialty insurance brokers and added-on several smaller books of business."
Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services.
Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
The Olympus team included Paul Rubin, Evan Eason and Val Matena. Piper Jaffray & Co. advised T&H Group and Olympus on the transaction.