Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
ClearView Risk
a portfolio company of
GCP Capital Partners
was acquired by
The Amynta Group
a portfolio company of
Madison Dearborn Partners
Financial advisor to ClearView Risk January 2019
The Amynta Group Announces Acquisition of ClearView Risk Holdings
Industry: Insurance
Type: Sell-Side M&A

Expands and Diversifies Amynta's Portfolio with Addition of Leading Habitational Property Program and Wholesale Transactional Brokerage

The Amynta Group ("Amynta" or "the Company"), an industry leading group of warranty, managing general agent and specialty risk companies, today announced that it has acquired ClearView Risk Holdings, LLC ("ClearView"), a differentiated habitational Managing General Agent ("MGA") and leading specialized transactional Wholesale Brokerage, that controls over $200 million of premium. Terms of the transaction were not disclosed.

Amynta CEO Stuart Hollander commented, "We are excited to welcome the industry-leading ClearView team to our Amynta family as we work together to leverage their specialty platform for combined accelerated growth. This acquisition is a major step forward in our strategy to expand Amynta's MGA segment, enter the habitational risk and property underwriting space as well as to diversify our services from premier carriers. With its sophisticated technology and range of relevant products and industries including habitational, construction, energy, manufacturing, property and casualty, ClearView is well-positioned in the market and perfectly aligned with our growth strategy as we seek to scale our platform and deliver additional market leading products and services to our clients and customers."

ClearView is the parent holding company for Strata Underwriting Managers ("Strata"), a nationally recognized habitational program designed exclusively for the underwriting and management of multi-dwelling properties, and Southwest Risk, LP ("Southwest Risk" or "SWR"), a full-service specialty transactional wholesale brokerage platform with expertise in difficult to place commercial coverage in both the excess & surplus and specialty admitted marketplace. Headquartered in Dallas, Texas with offices in Houston, Fort Worth and Tallahassee, Florida, ClearView writes business in 37 states across the U.S. ClearView's team, led by CEO Parker Rush, will continue driving expansion of the business as part of Amynta.

Hollander continued, "I look forward to working closely with Parker and the proven, highly capable ClearView leadership team who are experts in their field and leaders in their territory. Together we will continue ClearView's track record of organic growth and pursue opportunities that will further expand Amynta's MGA segment and diversify our offerings."

Parker Rush, CEO of ClearView, said, "This is an important milestone in ClearView's history and will help take our business to the next level as we compete in our current markets and strive to elevate our role as a leading national specialty platform. Joining Amynta presents an opportunity to further differentiate ClearView, driven by the rapid geographic scalability of our Strata program and Southwest Risk's ability to capitalize on the significant growth opportunities we see in a large and growing excess and surplus lines marketplace. I look forward to working with Stuart and the Amynta team to build on our collective momentum."

ClearView was formed in December 2010 upon a majority investment in Southwest Risk by GCP Capital Partners, LLC. Amynta was created in 2018 out of Madison Dearborn Partners' acquisition of a number of AmTrust Financial Services U.S. fee businesses.

Boris Gutin of GCP Capital Partners said, "As with all our investments, we focus on backing world-class management teams and superior business models. It has been our pleasure to partner with Parker Rush and his management team twice, first with Republic Insurance and now ClearView Risk. Under his leadership, Parker and his team have built an industry-leading habitational program with a culture focused on delivering superior underwriting results, across multiple insurance cycles, to a large and diverse group of carrier partners. During our investment, ClearView has grown its premium base substantially, more than doubled the number of markets, grown its earnings and created a recurring, predictable business model. We believe under Amynta's ownership and support, ClearView can continue to organically grow its core business as well as expand into new programs and business lines."

The transaction closed on January 4, 2019. Upon closing, ClearView became a subsidiary of Amynta. Waller Helms acted as financial advisor to ClearView and GCP Capital Partners, with Lock Lorde serving as legal counsel. For Amynta, MHT Partners served as financial advisor and DLA Piper served as legal counsel.