GCP Capital Partners will spend $23 million to acquire a controlling stake in ClearView Risk Holdings, operator of Texan insurance broker Southwest Risk.
As part of the investment, said Bob Deutsch, managing director, GCP is also plotting to make strategic acquisitions to support ClearView’s development. Aside from GCP, Bryan Wilburn, the founder and CEO of Southwest Risk, and Houston International Insurance Group will remain as co-investors in ClearView.
