AmWINS Group Inc. will acquire Scottsdale, Ariz.-based general agent Stealth Partner Group, which specializes in medical stop-loss insurance.
Stealth will combine with AmWINS Group company Stop Loss Insurance Services in early 2020, operating under the Stealth brand. The combined company will be part of AmWINS' group benefits division and led by Patricia Berridge and Harley Barnes. Stealth has seven regional sales offices in the U.S.
The transaction, terms of which were not disclosed, is expected to close in the fourth quarter, pending regulatory approval and customary closing conditions.
Dowling Hales served as financial adviser to Stealth.
