WalkerHughes Insurance coverage introduced that it has acquired a strategic minority funding from BW Forsyth Companions.
Indianapolis, Indiana-based WalkerHughes will stay domestically owned and operated with Benjamin Schoettmer, Founder and Chief Government Officer, retaining a controlling curiosity as the biggest shareholder. The present management staff and all workers will even stay with the Firm. Forsyth will be part of the Board of Administrators of WalkerHughes.
The minority capital funding will enable WalkerHughes to proceed its core technique of investing in prime expertise, creating its proprietary know-how, and increasing via mergers and acquisitions amongst different natural initiatives. WalkerHughes and Forsyth Companions share the widespread aim of strengthening the Firm’s dedication to its clients and communities whereas increasing its geographic footprint.
Primarily based in St. Louis, Forsyth Companions prioritizes firm values constructed upon the notion of placing individuals first. Forsyth Companions is an funding agency backed by Barry-Wehmiller, a multi-billion greenback international supplier of providers and tools to a various set of finish markets, and blends Barry-Wehmiller’s unparalleled legacy of worth creation and people-centric tradition with investing experience in supporting administration groups and propelling corporations ahead. Forsyth Companions holds a long-term funding technique with an evergreen capital base.
Piper Sandler & Co. served as unique monetary advisor to WalkerHughes on this transaction and Barnes & Thornburg LLP served as authorized counsel. Thompson Coburn LLP served as authorized counsel to Forsyth.