LAWFUEL – US Business & Law Newswire – The firm is representing Blackstone Capital Partners in its announced acquisition of an ownership stake in Alliant Insurance Services, Inc., one of the nation’s largest insurance brokerage firms. In partnership with Alliant’s management and employees, Blackstone Capital Partners has reached an agreement to acquire the Company from its current owners comprised of the investment firm Lindsay Goldberg and Alliant’s management and employees. The terms of the transaction were not released.
The transaction is expected to close within the next 75 days.
The Simpson Thacher team who worked on the transaction includes: Wilson Neely, Andrew Chvatal, Peter Martelli and Felton Booker (M&A); Steve DeLott (Corporate/Insurance); Gary Mandel and Jennifer J. Marsh (Tax); Greg Grogan and Andrew O’Brien (Benefits); Jay Ptashek (Credit); Kirstie Howard (IP); Bryan Gordon (Real Estate); and Brendan Derr (Paralegal). Summer Associate Ravi Purushotham also provided invaluable assistance.