Private equity firm Altamont Capital Partners LLC signed an agreement to acquire Topa Insurance Group from Topa Equities Ltd.

Terms of the transaction were not disclosed.

After the deal closes, Altamont Capital will assume majority control of Topa Insurance, and Topa Equities will still hold a minority equity stake in the business.

Topa Equities was represented by Drinker Biddle & Reath LLP, and Dowling Hales, while Altamont was represented by Sidley Austin LLP and RBC Capital Markets.