Simpson Thacher is representing affiliates managed by Corsair Capital in connection with their proposed strategic investment in Oakbridge Insurance Agency, a new integrated insurance brokerage firm serving clients across Georgia and the Southeast U.S. The transaction is expected to close on December 31, 2020.
Founders Insurance, Hutchinson Traylor Insurance, McGinty-Gordon & Associates and Waites & Foshee, four premier retail insurance brokers, have signed definitive agreements to combine to form Oakbridge Insurance Agency. The strategic combination of these agencies creates one of the largest privately-owned insurance, risk management and employee benefits firms in the Southeast.
The Simpson Thacher team includes James Parry, Shaun Levor, Izaak Lustgarten and Jule Walsh (M&A); Larry Moss, Patricia Adams and Richard Malek (Executive Compensation and Executive Benefits); Jonathan Goldstein and Nicole Humphrey (Tax); Steve DeLott (Insurance); Lori Lesser, Melanie Jolson and Kate Mirino (Intellectual Property); Barrie Covit, David Wagner, David Whelan, Samuel Ash and Jeffrey Larocca (Private Funds); Krista McManus (Real Estate); Michael Isby (Environmental); and Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust).