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CIVC Partners Announces Strategic Investment in Signers National
NEW YORK, N.Y., November 21, 2022-- Signers National, LLC (“Signers National” or the “Company”) announced today that it has received a strategic minority investment from CIVC Partners, L.P. (“CIVC”). Financial terms of the transaction were not disclosed.
Signers National, based in New York, New York, is the holding company for a tech-enabled insurance distribution platform focused on serving niche insurance markets. Its largest subsidiary, Lamb Insurance Services, is a retail broker focused exclusively on non-profit and human service organizations that has quickly grown into one of the 100 largest independent agencies in the United States. Convelo Insurance Group, Signers’ second largest subsidiary, is a rapidly expanding managing general agent and wholesaler of industry-leading products designed for brokers serving non-profit and human service organizations as well as other specialty markets. Signers has grown organically and through the acquisition of brokers and wholesalers with exclusive retail and program product offerings.
“We are thrilled to be partnering with the CIVC team,” said Josh Lamberg, Founder and CEO of Signers National. “CIVC recognized our unique model and value proposition as a platform for organic growth and as an M&A engine. We welcome the value that CIVC will bring to our team as a minority partner. Marc and CIVC bring extensive industry experience and decades of success partnering with entrepreneurs and founders and will help us build on the industry- leading growth we have achieved to date. I am excited to partner with a firm that is aligned with our strategy and culture and shares our core values.”
Based in Chicago, CIVC invests in high growth middle-market companies in the business services sector. “Signers has an impressive and proven track record of serving the non-profit and human service community,” said Marc McManus, Partner at CIVC. “We look forward to supporting the Company in its next stage of growth as Josh and team continue to build on their mission to protect organizations that positively affect people’s lives.”
CIVC’s investment will support Signers National as it continues to expand organically and through strategic acquisitions. The Company has expanded its footprint in recent years to serve over 6,000 clients from seven locations throughout the United States.
Piper Sandler & Co. served as exclusive financial advisor to Signers National on this transaction and Locke Lord served as legal counsel. Ropes & Gray and Foley & Lardner served as legal counsel to CIVC.
About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm established in 1970 to provide growth capital to entrepreneurs and founders. Since 1989, CIVC has invested over $2.1 billion in 77 platforms, primarily as growth and buyout capital, along with founders and executives in middle-market companies mainly in the business services sector. CIVC Partners currently invests from CIVC Partners Fund VI. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.