Constellation Affiliated Partners has acquired Atlanta-based specialty broker and managing general agent INSUREtrust LLC, which operates as ITDC Insurance Services.
The terms of the transaction were not disclosed. York-based private equity-backed insurance consolidation platform said CEO Christiaan Durdaller has been promoted to President and CEO of INSUREtrust, retiring founder Steve Haase, who is retiring. Mr. Durdaller was previously Vice President.
INSUREtrust distributes cyber liability, technical errors and omissions and various professional liability insurance. the statement.
It will also provide the industry expertise of Constellation CEO Bill Goldstein and CEO Brian Norman, he said.
Constellation Affiliated is supported by New York-based private equity firm RedBird Capital Partners Management LLC. [1
Marsh Berry & Co. INSUREtrust advised on the sale.