Fort Wayne-based DOXA Insurance says it is partnering with Century Equity Partners, a Boston-based private equity firm, to allow the Indiana company to further expand.
DOXA says the investment will help the company to accelerate its pace of acquiring and partnering with niche-focused Managing General Agencies, Wholesale Brokers, and Program Administrators.
“Century Equity Partners shares our vision for building a world-class niche underwriting organization,” said Matt Sackett, chief executive officer of DOXA. “With Century’s insurance distribution investment experience and track record of supporting strategic M&A programs, we have established a strong foundation for the next phase of growth.”
While terms of the transaction were not disclosed, Century acquired a majority interest in DOXA with the company’s senior management team maintaining a meaningful equity interest in the firm.