Ontario Teachers' Pension Plan, which first acquired a majority stake in BroadStreet in 2012, will retain a significant co-control position and continue to back the company's growth alongside the new investor group. Ontario Teachers has been instrumental in BroadStreet's rise to become one of the leading private brokerages in North America, now operating across all 50 US states and all 10 Canadian provinces. BroadStreet, known for its unique co-ownership structure, partners with leading independent insurance agencies'its Core Agency Partners'across the continent. More than 800 employees hold equity stakes within their agencies, reinforcing the firm's decentralised growth model. Advisory firms on the transaction included Ardea Partners as lead financial adviser, with RBC Capital Markets and BMO Capital Markets acting as co-advisers. Legal counsel was provided by Latham & Watkins and Torys for Ontario Teachers and BroadStreet, Kirkland & Ellis for Ethos Capital, Debevoise & Plimpton...
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