A Locke Lord team led by Alan Levin (New York), Jeff Etherington (Stamford) and Katie Morin (Providence) advised Ambac Financial Group, Inc., a financial services holding company, on the purchase of a majority stake in Riverton Insurance Agency, Corp., a New Jersey-based insurance services business consisting of an MGA and a retail agency. The transaction allows Ambac to continue to expand its growing portfolio of insurance distribution businesses through its Cirrata Group platform.
For more information on these two transactions, see the press release. Additional assistance was provided by John Emmanuel (New York), Lori Basilico (Providence), Christopher Flanagan, Glenn Pudelka, Gene Schlack (all of Boston) and Bryan Boccelli (Chicago).
Posted on August 10, 2023