Axis Insurance coverage broadcasts strategic progress funding from Lee Fairness Companions – Nexus Vista

June 10, 2024 — Axis Insurance coverage Managers Inc. (“Axis Insurance coverage” or “the Firm”), a number one impartial specialty insurance coverage brokerage, is happy to announce that it has obtained a big progress funding from funds managed by Lee Fairness Companions, LLC (“Lee Fairness”), a progress oriented center market funding agency specializing in investments within the monetary providers and healthcare industries.

The partnership with Lee Fairness strategically positions Axis Insurance coverage for long-term success and progress and enhances the Firm’s current shareholder base. As a part of the transaction, Axis Insurance coverage founder and CEO, Alex Meier, retained nearly all of his fairness stake within the Firm.

“Our workforce is worked up to associate with a seasoned monetary providers investor with a deep understanding of the insurance coverage business” said Alex Meier, Axis Insurance coverage President & CEO. “We now have made nice strides in constructing out an distinctive nationwide enterprise. The funding partnership with Lee Fairness will present an unimaginable alternative to speed up our progress and imaginative and prescient to be best-in-class in each class of our business.”

“Axis Insurance coverage is an rising chief in specialty business insurance coverage with a formidable monitor report of progress. There’s nice potential for the Firm to change into a number one, nationwide dealer within the Canadian market, mentioned Mark Mauceri, Companion, Lee Fairness. “We now have been extremely impressed with the considerate method Axis Insurance coverage has taken to constructing a market main enterprise, and we’re excited to associate with Alex and the Axis management workforce to capitalize on the numerous alternatives forward,” added Mark Gormley, Companion, Lee Fairness.

Lee Fairness and its principals have an extended monitor report of investing within the insurance coverage sector, together with investments in Captive Assets, McLarens, K2 Insurance coverage, Simplicity Group, and Common American, amongst others.

Smythe LLP served as monetary and tax advisor to Axis Insurance coverage on this transaction. Lawson Lundell LLP acted as authorized counsel to Axis Insurance coverage. Piper Sandler & Co. served as monetary advisor to Lee Fairness. Stikeman Elliott LLP acted as authorized counsel to Lee Fairness.

About Axis Insurance coverage Managers Inc.

Axis Insurance coverage gives native, nationwide, and worldwide purchasers with danger administration and insurance coverage providers with a deal with specialised dangers. Axis Insurance coverage professionals analyze advanced enterprise and private dangers to supply recommendation and options to mitigate, cut back or switch these dangers. With roots courting again to 1928, over 300 staff and workplaces all through Canada, the Firm is without doubt one of the quickest rising and largest impartial brokerages within the nation. For extra info, please go to www.axisinsurance.ca

About Lee Fairness Companions, LLC

Lee Fairness Companions, LLC is a middle-market non-public fairness agency that companions with companies within the monetary and healthcare providers sectors. Over almost 20 years the agency has utilized its thematic primarily based funding technique and deep sector information to establish and associate with proficient administration groups to speed up progress and construct market main companies. Extra info is out there at www.leeequity.com

Media Inquiries:

Dane Gorton
Director, Enterprise Growth & Advertising and marketing
Axis Insurance coverage
604.731.5328
dane.gorton@axisinsurance.ca

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