Warburg Pincus to Acquire Keystone Agency Partners

Paul, Weiss is advising Warburg Pincus on the financing aspects of its acquisition of a majority stake in Keystone Agency Partners, a leading insurance broker and agency network. Financial details of the transaction were not disclosed. Bain Capital, which launched Keystone in 2020, will retain a minority ownership in Keystone through a new investment from Bain Capital Insurance. The deal is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Eric Wedel, Ben Steadman and Caroline Epstein.