Axis Insurance announces strategic growth investment from Lee Equity Partners
Summary
June 10, 2024 Axis Insurance Managers Inc. (Axis Insurance or the Company), a leading independent specialty insurance brokerage, is pleased to announce that it has received a significant growth investment from funds managed by Lee Equity Partners, LLC (Lee Equity), a growth oriented middle market investment firm specializing in investments in the financial services and healthcare industries.The partnership with Lee Equity strategically positions Axis Insurance for long-term success and growth and complements the Companys existing shareholder base. The investment partnership with Lee Equity will provide an incredible opportunity to accelerate our growth and vision to be best-in-class in every category of our industry.Axis Insurance is an emerging leader in specialty commercial insurance with an impressive track record of growth. Theres great potential for the Company to become a leading, national broker in the Canadian market, said Mark Mauceri, Partner, Lee Equity. With roots dating back to 1928, over 300 employees and offices throughout Canada, the Company is one of the fastest growing and largest independent brokerages in the country. Over nearly two decades the firm has utilized its thematic based investment strategy and deep sector knowledge to identify and partner with talented management teams to accelerate growth and build market leading businesses.