on Peugeot Invest (EPA:PEUG)
Peugeot Invest Allocates USD 125 Million to BroadStreet Partners
Peugeot Invest has announced a significant investment of USD 125 million in BroadStreet Partners, an insurance brokerage firm operating in North America. This investment is part of a capital reorganization effort led by Ethos Capital, with Ontario Teachers’ Pension Plan maintaining a co-control position.
BroadStreet Partners, known for its brokerage in property and casualty insurance, functions across the U.S. and Canada. The firm ranks among the top 15 insurance brokers in the U.S., boasting over USD 2 billion in revenue. Since its inception in 2001, the firm has seen substantial growth through organic expansion and acquisitions.
Jean-Charles Douin, CEO of Peugeot Invest, stated this move aligns with their strategy of making minority investments in priority sectors. The decision underscores BroadStreet's high profitability and robust business model.
R. H.
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