Keystone {Agency|Company|Firm} Investors Forms Midwest {Risk|Danger|Threat} Partners With Acquisition of {Four|4} St. Louis {Insurance|Insurance Coverage} Agencies – {Business|Company|Service|Organization} Wire

15 September 2020

HARRISBURG, Pa.–( {BUSINESS|COMPANIES|SERVICES|ORGANIZATIONS} WIRE)– Keystone {Agency|Company|Firm} {Investors|Financiers} (“KAI”), {a new|a brand-new} {strategic|tactical} {partnership|collaboration} formed by Keystone Insurers Group and Bain Capital Credit, today {announced|revealed} the acquisition of {four|4} St. Louis, Missouri-based {insurance|insurance coverage} {agencies|companies|firms} which together will form Midwest {Risk|Danger|Threat} Partners, LLC, {a custom|a customized|a custom-made} {insurance|insurance coverage} platform serving the {greater|higher} St. Louis {area|location}, {effective|efficient|reliable} September 1, 2020. Financial {terms of|regards to} the {private|personal} {transaction|deal} were not {disclosed|revealed|divulged}.

Midwest {Risk|Danger|Threat} Partners is {comprised of|consisted of} {former|previous} partner {agencies|companies|firms} {including|consisting of} St. Charles {Insurance|Insurance coverage} Group, LLC, Jerome L. Howe, Inc., Eagle {Insurance|Insurance Coverage} {Agency|Company|Firm}, LLC, and Bowersox {Insurance|Insurance Coverage} {Agency|Company|Firm} {Company|Business}. {Combined|Integrated}, each {agency|company|firm}’s {product|item} suite {includes|consists of} {insurance|insurance coverage} and {risk|danger|threat} management services for {businesses|companies|services|organizations} {including|consisting of} {workers|employees}’ {{compensation|payment|settlement}, claim and {risk|danger|threat}|{compensation|payment|settlement}, {risk|danger|threat} and claim|claim, {compensation|payment|settlement} and {risk|danger|threat}|claim, {risk|danger|threat} and {compensation|payment|settlement}|{risk|danger|threat}, {compensation|payment|settlement} and claim|{risk|danger|threat}, claim and {compensation|payment|settlement}} management programs, health and {wellness programs|health care}, {benefits|advantages}, and {financial|monetary} services, {as well as|in addition to|along with} {a full|a complete} line of {personal|individual} {insurance|insurance coverage} {products|items}.

KAI is {an unique|a distinct|a special} {partnership|collaboration} structure that {allows|enables|permits} owners to monetize their {most important|essential|crucial} {asset|possession|property} while continuing to {operate|run} their {agencies|companies|firms}, leveraging {growth|development} through {enhanced|improved|boosted} resources and {support|assistance} as they {prepare for|get ready for} {leadership|management} succession. Midwest {Risk|Danger|Threat} Partners marks KAI’s {fourth|4th} acquisition {since|because|considering that|given that} {launching|introducing|releasing} in July 2020.

“{Combined|Integrated}, these {agencies|companies|firms} form {an unique|a distinct|a special} {regional|local} platform with a strong {foundation|structure} of {talented|skilled|gifted} {insurance|insurance coverage} {professionals|experts|specialists} who bring {decades|years} of {expertise|proficiency|knowledge|competence|know-how} and a strong {track records|performance history} of {growth|development},” {said|stated} David E. Boedker, Sr., CEO of KAI. “By partnering with KAI, the {agencies|companies|firms} will {be able to|have the ability to} {enhance|improve|boost} their {product|item} {capabilities|abilities} with {a full|a complete} suite of {products|items} to serve any {client|customer} type.”

“We are {excited|thrilled|delighted} to form this {partnership|collaboration} by {creating|producing|developing} a scale {agency|company|firm} in {a key|an essential|a crucial} {strategic|tactical} {region|area} that {offers|provides|uses} {proven|tested} {organic|natural} {growth|development} {characteristics|qualities|attributes}, and {also|likewise} {provides|offers|supplies} {an attractive|an appealing} platform to {integrate|incorporate} {additional|extra} {agencies|companies|firms} and books of {business|company|service|organization} in what {remains|stays} a growing market,” {added|included} Dan Girardi, Chief Acquisitions Officer of KAI.

“This {new|brand-new} {partnership|collaboration} {further|additional|more} {enables|allows|makes it possible for} Midwest {Risk|Danger|Threat} Partners core focus ‘To {earn|make} the trust of our {co-workers|colleagues}, {customers|clients|consumers} and {community|neighborhood}, while {providing|offering|supplying} {protection|security|defense} and {peace of mind|assurance|comfort}.’ KAI {creates|produces|develops} {opportunities|chances} for our {clients|customers}, {employees|workers|staff members}, and {further|additional|more} {expansion|growth} throughout the Midwest. We are {excited|thrilled|delighted} to {join|sign up with} the KAI {family|household} and {look forward to|anticipate|eagerly anticipate} {capitalizing on|taking advantage of|profiting from} {new|brand-new} {opportunities|chances} for both our {clients|customers} and {employees|workers|staff members} as we {seek|look for} to {further|additional|more} {strengthen|enhance|reinforce} our Midwest {presence|existence},” {said|stated} Heath Greer, Midwest Partners {agency|company|firm} principal.

About Keystone {Agency|Company|Firm} Investors (KAI)

Keystone {Agency|Company|Firm} Investors (KAI) was {founded|established} with {a simple|an easy|a basic} {premise|facility|property}: {help|assistance|aid} independent {insurance|insurance coverage} {agencies|companies|firms} {grow and {thrive|flourish|prosper|grow}|{thrive|flourish|prosper|grow} and grow} through {strategic|tactical} acquisition and {partnership|collaboration}. With KAI, owners continue to {operate|run} their {agency|company|firm}, {preserving|protecting|maintaining} their {local|regional} {presence|existence} and {respect|regard}. By leveraging the {investment|financial investment} acumen and {global|worldwide|international} {operational|functional} {capabilities|abilities} of Bain Capital Credit, we {help|assist} {agencies|companies|firms} monetize their {asset|possession|property}, {ensuring|guaranteeing|making sure} generational wealth and {maximizing|making the most of|taking full advantage of|optimizing} {value|worth}. We put the {right|best|ideal} {growth|development} tools in our {agents|representatives}’ hands, like perpetuation {planning|preparation}, {producer|manufacturer} sales training, and {claims|declares} management {support|assistance} through our {partnership|collaboration} with Keystone. {For more information|To learn more|To find out more|For more details|For additional information}, go to https://kaiagencies.com/. Source: businesswire.com

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