Audax Private Debt announced that, as Co-Syndication Agent, it provided a unitranche credit facility to support the recapitalization of Sunstar Insurance Group (“Sunstar” or the “Company”) by BBH Capital Partners, a New York-based private equity firm.
Founded in 2012, Sunstar is a regional insurance brokerage firm headquartered in Memphis, TN, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. The Company places insurance premiums with over 670 insurance carrier relationships.
Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. The Sunstar corporate vision is to be recognized as the premier regional insurance agency in its market area by providing exceptional service, professional expertise, trusted advice, and competitively priced insurance products to its clients. With over $500 million in premiums placed on behalf of the Company’s clients, Sunstar is ranked as the 44th largest independent agency in the country by the trade magazine, Insurance Journal, and has been a member of their Top 100 list of agencies based upon revenue size for the past 5 consecutive years. For more information, visit www.sunstarinsurancegroup.com.