Lovell Minick Partners LLC, a private equity firm focused on investments in financial services, financial technology and business services, has partnered and made a strategic investment in Warner Pacific, an employee benefits general agency.
Warner Pacific provides sales assistance, back-office support and a suite of benefit administration products and tech-enabled services to insurance agents. The investment will enhance WP’s organic growth and M&A strategies in new and existing geographies. The firms intend on building out Warner’s general agency platform, acquire insurance technology players and expand into new insurance and services offerings.
“Lovell Minnick has unparalleled experience collaborating with companies in the insurance sector to achieve their growth goals,” added David Nelson, co-CEO of Warner Pacific. “We are thrilled to partner with Lovell Minnick as we pursue M&A to expand our geographic reach, enhance our product offerings and further invest in our PRO Suite technology.”
MarshBerry acted as financial adviser and Sheppard Mullin acted as legal counsel to Warner Pacific. Keefe, Bruyette & Woods acted as financial adviser and Schulte Roth & Zabel acted as legal counsel to Lovell Minnick Partners.