Private equity firm Thomas H. Lee Partners LP (THL) has partnered with insurance-industry veterans Bret Quigley and Adam Meyerowitz to form Prime Risk Partners.

Atlanta-based Prime Risk will invest in insurance agencies to build a national insurance distribution firm. Initial platform acquisitions will most likely be companies with between $10 million and $125 million in revenue, according to a source, followed by add-on acquisitions within the same regions. THL plans to invest up to $200 million in equity capital to support the initiative.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.