Private equity firm Odyssey to buy Integro

Private equity firm Odyssey Investment Partners is to buy acquisitive US-based broker Integro.

The deal is expected to be completed in the fourth quarter of 2015. Financial details of the investment have not been disclosed.

Following its completion the Integro management team will remain in place and certain members of its management team and other employees will remain shareholders in the company.

Founded in 2005, Integro has built up an international presence outside of America with a raft of acquisitions.

Recent acquisitions in the UK include Kite Warren & Wilson, NPA Insurance Broking Group, Allan Chapman & James (ACJ), Doodson Broking Group, and Stonehouse Conseillers.

Integro’s specialisms include healthcare, entertainment, professional services, aviation and energy.

Odyssey managing principal Jeffrey McKibben said: “Integro is an extraordinary success story, and we are committed to supporting its continued development, particularly around its specialty offerings.

“We are enthusiastic to invest in and partner with Integro’s management team led by William Goldstein, John Sutton, Toby Humphreys and Marc Kunney, and share their strategic vision for their business and its focus markets.”

Integro president Goldstein added: “Odyssey is an ideal partner as we build on the powerful platform our early investors helped us put in place. Odyssey’s resources and industry expertise will help accelerate the growth trajectory of our core business and specialty acquisitions.”

Investors holding 70% of Integro shares have agreed to support the acquisition.