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AmWINS CEO Says Company Not for Sale, Simply Recapitalizing


Posted on 16 Mar 2012

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Wholesaler AmWins Group isn’t looking to be acquired, notwithstanding reports that indicate it is looking for a buyer.

“AmWins is not for sale,” Steve DeCarlo, chief executive officer, said in an emailed statement. “It is simply recapitalizing, that is part of a normal life cycle of a private equity-funded business.”

Charlotte, N.C.-based AmWins handles more than $6.7 billion premium placements, which makes it the largest wholesale broker in the U.S, according to its website.