The Amynta Group on Jan. 4 acquired ClearView Risk Holdings LLC, a Dallas-based habitational insurance managing general agent, for undisclosed terms.
The acquired entity is the parent holding company for Strata Underwriting Managers, a habitational program for the underwriting and management of multi-dwelling properties, and Southwest Risk LP, a specialty transactional wholesale brokerage platform. It was reported in October that Southwest had started a sale process and already received initial bids.
ClearView controls over $200 million of premium and writes business in 37 states. Its team, led by CEO Parker Rush, will become part of Amynta Group.
ClearView was formed in December 2010 following a majority investment in Southwest Risk by GCP Capital Partners LLC. Amynta was created in February 2018 after Madison Dearborn Partners LLC's acquisition of a number of AmTrust Financial Services Inc.'s U.S. fee businesses.
Waller Helms served as financial adviser to ClearView and GCP Capital Partners, with Lock Lorde acting as legal counsel. MHT Partners served as financial adviser and DLA Piper acted as legal counsel to Amynta Group.