Odyssey Investment Partners, a growth-oriented private equity firm with a successful track record in insurance services, has partnered with the SIAA (Strategic Insurance Agency Alliance) management team to acquire the Company.

SIAA’s chairman and founder, Jim Masiello, says: “We’ve been exploring our perpetuation options for some time now, with special consideration to the ongoing success of our master agencies and member agencies across the country. This transaction provides for the continued success of our model and all who participate in it.”

Masiello will step away from the organisation after an accomplished and successful career as a leader in the insurance industry and a champion for independent insurance agents.

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Source: Private Equity Wire