Peugeot Invest invests $125 million in BroadStreet Partners

Peugeot Invest announced a $125 million commitment in BroadStreet Partners, alongside a consortium of investors led by Ethos Capital. The transaction is part of a capital reorganization of the company, with Ontario Teachers’ Pension Plan, the majority shareholder for over ten years, retaining a co-control position alongside the new investor consortium.

Operating across the US and Canada, BroadStreet Partners is an insurance brokerage firm specializing in property and casualty coverage for both businesses and individuals, as well as employee benefits solutions. With over $2 billion in revenue, BroadStreet Partners is among the 15 largest insurance brokers in the US.

“Peugeot Invest continues to execute on its selective investment strategy by making significant minority investments in priority sectors and geographies, alongside renowned partners. Our investment in BroadStreet Partners clearly reflects this ambition: the company boasts an attractive business model, combining high profitability, recurring revenues and strong cash flow generation. We are pleased to welcome this new addition to our investment portfolio.” – Jean-Charles Douin, Chief Executive Officer of Peugeot Invest.