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Palladium Equity sells Pronto Insurance to Risk Placement Services

  • Region:

    United States of America

  • Sector:

    Insurance

  • Deal Size:

  • Buy Side Company:

    Risk Placement Services Inc.
  • Sell Side Company:

    Palladium Equity Partners
  • Target Company:

    Pronto Insurance

Private equity firm Palladium Equity Partners LLC has agreed to sell Pronto Holdco LLC to Risk Placement Services Inc., PE Hub reported. Financial terms of the transaction were not announced. Pronto Holdco is the parent company of Pronto Insurance, a provider of personal automobile insurance for consumers throughout Texas, California and Florida. Risk Placement Services is a unit of Arthur J. Gallagher & Co. William Blair & Company acted as the financial advisor to Pronto on the transaction.

Tags:

M&A,M&A deals,mergers and acquisitions