Waller Helms Advisors acted as exclusive financial advisor to Worldwide Facilities in the transaction.
Amwins Group, Inc. (“Amwins”), a global distributor of specialty insurance products and services, has signed a definitive agreement to acquire Worldwide Facilities (“Worldwide”), the fourth-largest wholesale broker in the U.S.
The combined firm will have more than 6,151 employees in 155 offices in the U.S., and place in excess of $24B in premium annually. In addition, the firm’s 1,025 employee shareholders will own 43% of the company.
The Worldwide team, led by Davis Moore, will join Amwins’ leadership team. The continued growth and expanded scale of Amwins will enable additional investment in people, technology and analytical tools to benefit its retail clients.
This transaction is WHA’s third successful transaction with Worldwide, having previously advised the company on its recapitalizations with Genstar Capital (2019) and Lovell Minnick Partners (2015).