Rainier Partners Acquires Texas MGA Platform Apex

Rainier Partners, a private equity firm investing in lower middle-market services businesses, has acquired Apex Insurance Services, a multi-brand managing general agency (MGA) platform focused on the Texas non-standard auto insurance market. Headquartered in Richardson, Texas, Apex manages five MGAs — Apollo MGA, Apollo Specialty, Newstar General Agency, Excellent Insurance Services, and Ignition Insurance Services — creating one of the largest non-standard auto insurance distribution networks in the state. Apex is led by a seasoned management team with over 100 years of combined experience and leverages disciplined underwriting, data-driven pricing, and a broad independent agent network. With Rainier’s partnership, Apex plans to continue its organic growth in Texas and potentially new states. The platform will also seek strategic M&A and will explore adjacent product categories. Topics Mergers & Acquisitions Texas Insurance Wholesale Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy.