BroadStreet gets investment from Ethos-led consortium, OTTP retains co-control stake
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A consortium led by Ethos Capital, along with British Columbia Investment Management Corporation and White Mountains Insurance Group, is set to acquire a stake in BroadStreet Partners. The Ontario Teachers’ Pension Plan will maintain a significant co-control position. BroadStreet, a major U.S. broker, generated over $1.7 billion in revenue in 2023 and focuses on commercial and personal property and casualty, as well as employee benefits. The partnership aims to support BroadStreet’s long-term goals, including technology investment and digital transformation.
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