Thursday, December 20, 2007

Olympus Partners is pleased to announce that its portfolio company, Tanenbaum-Harber, has acquired an insurance brokerage in the Southeast. This transaction is the second add-on acquisition for Tanenbaum-Harber since Olympus acquired the company in April 2006. Olympus invested additional equity in support of the transaction.

Tanenbaum-Harber is a leading risk management and insurance brokerage firm offering brokerage services for corporate insurance, surety and employee benefits as well as risk management consulting services.

Founded in 1988, Olympus Partners is a Stamford, Connecticut 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 over $3.1 billion on behalf of 50 blue-chip investors including corporate pension plans, state retirement systems and university endowment funds.

Tanenbaum-Harber Completes Second Add-on Acquisition