Olympus Partners Sings 'O Tanenbaum' at Exit

STAMFORD, Conn., Jan. 2, 2011 /PRNewswire/ -- Olympus Partners is pleased to announce that it has sold T&H Group, Inc. to Alliant Insurance Services, Inc.  T&H Group, Inc., headquartered in New York, NY, is a leading insurance broker with specialties in surety, construction-related insurance and employee benefits.  

Olympus has owned T&H Group since April 2006 when it acquired Tanenbaum-Harber, Inc. and Thesco Benefits, LLC.  T&H Group later acquired RFF & Associates and Construction Insurance Brokers.

Rob Morris of Olympus Partners commented, "This investment represents an excellent result for Olympus.  The T&H management team successfully acquired and consolidated the operations of two specialty insurance brokers and added-on several smaller books of business."

Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services.

Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.

The Olympus team included Paul Rubin, Evan Eason and Val Matena.

Piper Jaffray & Co. advised T&H Group and Olympus on the transaction.

SOURCE Olympus Partners

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