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The insurance services firm is owned by Lovell Minnick.
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The Insurance Insider US news team runs you through the key M&A deals from the past week.
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Last year, this publication revealed Rimkus had retained JPMorgan to run a strategic process.
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Its PE owners have been exploring strategic options since May last year.
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Sources said Stone Point and CD&R will each have stakes of around 35%.
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The end of the waiting period effectively clears the path to close in the US.
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The company’s book is being run off by Boost Insurance.
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The company would ideally like to target a minority investment.
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The firm will have more flexibility around talent compensation and M&A activity.
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TIH CEO John Howard said the deal positions TIH for continued growth.
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The enterprise value is around 18x Truist Insurance’s 2023 core Ebitda.
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Insurance Insider US news team runs you through some of the key M&A deals from the past week.