AXG Advisors, a boutique insurance brokerage serving ultra-high net worth individuals, will look opportunistically for buys for similar companies that would enhance its existing offerings, said George Papanier, principal and co-founder. AXG could buy as many as five companies in the next few years, but the firm plans to be selective and would be happy with fewer acquisitions that fit well. AXG believes consolidation in insurance distribution has taken out prospective independent competitors and opened up a growth opportunity for those with its focus.
Originally published by Mergermarket on February 27, 2023. Read full article here.
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