BroadStreet Partners completes strategic investment led by Ethos Capital

BroadStreet Partners, an insurance brokerage company, has announced the successful closing of a strategic investment by an investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group.

This investment marks a significant milestone in the company’s growth trajectory.

BroadStreet Partners is a middle-market insurance brokerage offering commercial and personal property & casualty and employee benefits solutions. The company invests in select, entrepreneurial, high-performing independent agencies seeking support for continued growth and a solution for ownership succession.

In April 2025, it was announced that the investor group would acquire an ownership position in BroadStreet Partners.

Accounts advised by T. Rowe Price Investment Management, Inc. also participated in this strategic investment.

Under the terms of the agreement, Ontario Teachers’ Pension Plan will maintain a significant co-control stake and continue its partnership with the Ethos-led investor group.

Ardea Partners served as lead financial advisor to Ontario Teachers’ and BroadStreet, while RBC Capital Markets and BMO Capital Markets acted as co-advisors. Latham & Watkins LLP and Torys LLP served as legal counsel to Ontario Teachers’ and BroadStreet. Kirkland & Ellis LLP served as legal counsel to Ethos Capital. Debevoise & Plimpton LLP served as legal counsel to BCI. Cravath, Swaine & Moore LLP served as legal counsel to White Mountains.

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