Towergate and Broker Network owners HPS and MDP buy Compass
Compass sells after its 2016 MBO from Arthur J Gallagher.
HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) have signed a deal to buy network Compass Brokers Holdings for an undisclosed sum.
Alex Alway will retain his role as chairman and John Lincoln will remain as CEO of Compass. The Compass management team will also stay on.
Compass was previously part of Arthur J Gallagher but undertook a management buyout in 2016.
HPS and MDP have a separate investment into Broker Network.
They are also backers of Ardonagh Group which includes
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