GTCR Invests in Winged Keel Group to Foster Growth and Innovation
GTCR Announces Strategic Investment in Winged Keel Group
GTCR, a prominent private equity firm known for its strategic investments, has recently announced its agreement to invest in Winged Keel Group. This independent life insurance brokerage specializes in inter-generational wealth accumulation and estate planning, marking a significant milestone for both parties. This partnership aims to boost the firm’s growth trajectory and enhance its already impressive service offerings.
Overview of Winged Keel Group
Winged Keel Group has established itself as a leader in providing tailored life insurance solutions. Catering to high-net-worth individuals, family offices, and institutional clients, the firm focuses on customized strategies to help clients achieve their wealth goals. With GTCR's investment, Winged Keel is set to scale its operations, improving client experiences and expanding its technology platform.
The Role of GTCR
As the first external investor in Winged Keel, GTCR will assume a majority stake in the company. This pivotal ownership change aims to enhance collaborations with channel partners throughout the wealth management sector. With GTCR's expertise, Winged Keel plans to deepen its strategic relationships and explore new growth avenues.
Leadership Transition
Eric Naison-Phillips, the Managing Principal of Winged Keel Group, is poised to take on the role of Chief Executive Officer as the company progresses with GTCR. Naison-Phillips, who has been instrumental in steering the firm since 2003, will continue working closely with notable Principals, including Michael Mingolelli, Jr., Chelsea Maeda-Wiegand, and Matthew Phillips. Together, this seasoned leadership team is determined to maintain the company's success and uphold its substantial shareholder structure.
Vision for Growth
“We are excited to invest in Winged Keel, aiming to facilitate further growth and establish its leading position within the industry,” shared Collin Roche, Co-CEO of GTCR. The partnership is anticipated to leverage Winged Keel’s strengths, laying a foundation for continued market expansion and enhanced client offerings in the high-net-worth life insurance sector.
Commitment to Excellence
With more than 35 years of experience, Winged Keel Group remains committed to delivering top-tier services. The firm has built an extensive reputation for helping clients navigate complex insurance structures and strategies. Managing over $105 billion in life insurance for its clientele, Winged Keel prides itself on its robust administration infrastructure.
Michael Hollander, Managing Director at GTCR, expressed enthusiasm about the collaboration, noting that GTCR's deep-rooted expertise in both the wealth and insurance industries will help develop innovative solutions that benefit clients and partners alike.
Future Prospects
The closing of GTCR's investment in Winged Keel Group is projected to take place in early 2025, pending customary closing conditions. This strategic partnership promises significant growth potential and positions both firms favorably within the competitive landscape of life insurance and wealth management.
About GTCR
GTCR has been a leader in private equity for over four decades, focusing on transformative investments across various sectors. Committed to building market-leading companies, GTCR prides itself on its strategy of partnering with management leaders and driving growth through acquisitions and organic development. With more than $40 billion in equity capital currently under management, GTCR continues its mission to shape the landscape of the industries it invests in.
About Winged Keel Group
Winged Keel Group is renowned for its independent life insurance brokerage services, specializing in customized solutions for affluent individuals and entities. With a comprehensive range of offerings, the firm adeptly manages life insurance portfolios, ensuring that clients' needs are met with the utmost professionalism and care. The partnership with GTCR is set to enhance Winged Keel's service model further.
Frequently Asked Questions
What does GTCR's investment mean for Winged Keel Group?
The investment by GTCR signifies a commitment to accelerate growth and enhance service offerings at Winged Keel Group.
Who will lead Winged Keel Group after the investment?
Eric Naison-Phillips will assume the role of Chief Executive Officer and continue guiding the company's strategic direction.
How long has Winged Keel Group been in operation?
Winged Keel Group has been operational for more than 35 years, providing specialized life insurance solutions.
What is GTCR's focus in its investments?
GTCR focuses on transformational growth across various sectors, particularly in insurance brokerage and wealth management.
When is the expected closing for the investment?
The closing of GTCR's investment in Winged Keel Group is expected to occur in early 2025, subject to customary conditions.
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