The Carlyle Group (Nasdaq: CG) is continuing its investment streak in the middle market with the acquisition of a majority stake in insurance brokers JenCap Holdings and the assets of Wholesale Trading Co-Op Insurance Services. Carlyle Global Financial Services Partners II will provide equity capital for the transactions; financial terms of the deals have not been disclosed.

This acquisition will result in New York-based JenCap consolidating its specialty insurance distribution and program management businesses, Carlyle says. Wholesale Trading Co-Op Insurance will be rebranded as Wholesale Trading Insurance Services, with office in New York, Atlanta, Georgia, San Francisco, California and Princeton, New Jersey.

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