Ownership stake · Activity not yet classified
Patriot Growth Insurance Services, LLC
Transaction overview
Status: Announced
Exact closing date not established.
On September 21, 2021, GI Partners announced a recapitalization of Patriot Growth Insurance Services in partnership with founder and chief executive Matt Gardner. Summit Partners, which invested in Patriot in 2019, and Patriot management were expected to retain significant minority ownership positions. The transaction was expected to close in the fourth quarter of 2021, subject to customary conditions and regulatory approvals; the release does not report completion or disclose consideration.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- GI Partners Leads Recapitalization of Patriot Growth Insurance Services in Partnership with Founder and CEO Matt Gardner and Summit Partners ↗
Official source website · Published Sep 21, 2021
On September 21, 2021, GI Partners announced a recapitalization of Patriot Growth Insurance Services in partnership with founder and chief executive Matt Gardner. Summit Partners, which invested in Patriot in 2019, and Patriot management were expected to retain significant minority ownership positions. The transaction was expected to close in the fourth quarter of 2021, subject to customary conditions and regulatory approvals; the release does not report completion or disclose consideration.