Peugeot Invest invests USD 125 million in BroadStreet Partners a leading insurance broker in North America
Peugeot Invest today announced a USD 125 million commitment in BroadStreet Partners, alongside a consortium of investors led by Ethos Capital. The transaction is part of a capital reorganization of the company, with Ontario Teachers’ Pension Plan, the majority shareholder for over ten years, retaining a co-control position alongside the new investor consortium.
Operating across the United States and Canada, BroadStreet Partners is an insurance brokerage firm specialising in property and casualty cover for both businesses and individuals, as well as employee benefits solutions. With over USD 2 billion in revenue, BroadStreet Partners is among the 15 largest insurance brokers in the United States.
Since its founding in 2001, BroadStreet Partners has delivered strong growth, driven by consistent organic expansion and a dynamic acquisition strategy. The company operates a distinctive model built around a network of local partner agencies with equity ownership, ensuring strong ties to clients and shared commitment to long-term value creation.
Jean-Charles Douin, Chief Executive Officer of Peugeot Invest, commented: “Peugeot Invest continues to execute on its selective investment strategy by making significant minority investments in priority sectors and geographies, alongside renowned partners. Our investment in BroadStreet Partners clearly reflects this ambition: the company boasts an attractive business model, combining high profitability, recurring revenues and strong cash flow generation. We are pleased to welcome this new addition to our investment portfolio.”