Latest news with #BroadStreet
Yahoo
2 days ago
- Yahoo
Car passenger shoots at pedestrian in town centre
A car passenger shot at a pedestrian in a town centre street, police have said. Thames Valley Police said the shooting happened at 18:10 BST on Tuesday in Broad Street, Chesham, in Buckinghamshire A man in his 30s suffered shoulder injuries when he was shot at by a passenger in a silver Volkswagen Scirocco, the force said. "I appreciate that news of this incident will come as a shock to residents of Chesham," said Det Insp Paddy Navin. The Volkswagen Scirocco drove off. The victim was taken to hospital but has since been discharged. Det Insp Navin said: "I want to reassure the community that we believe this was an isolated incident and the offender and victim were known to each other." He said a "potential key witness" was a man in a yellow Audi, who was seen speaking to the victim before the shooting. The last three letters of the Audi's number plate were ARV. The force has appealed for phone and dashcam footage. Townsend Road is closed while an investigation takes place. Follow Beds, Herts and Bucks news on BBC Sounds, Facebook, Instagram and X. Thames Valley Police
CTV News
06-05-2025
- General
- CTV News
‘We ask residents to be patient': Roadwork season well underway in Saint John
A closed section of Broad Street in Saint John, N.B., is pictured on May 6, 2025. (CTV Atlantic/Avery MacRae)
Associated Press
06-05-2025
- Business
- Associated Press
Insurance Agency Mergers and Acquisitions Wane in First Quarter
Deals for insurance firms in US and Canada dip 15%, OPTIS Partners reports MINNEAPOLIS, MN / ACCESS Newswire / May 6, 2025 / There were 141 announced insurance agency mergers and acquisitions in the first quarter of 2025, down 15% from 166 in the same period in 2024, according to OPTIS Partners' M&A database. This marks the slowest quarter since the second quarter of 2020. Nine consecutive quarters have fallen below the long-term trend line. 'We think the pace will ultimately pick up this year because of the large number of active buyers in the market, although current economic uncertainties may cause a bit of a delay,' said Steve Germundson, a partner at OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry . Some 139 deals were for US agencies while Canadian brokers accounted for six transactions. BroadStreet and World Insurance lead buyers BroadStreet Partners led all buyers in Q1 with 18 deals, followed by World Insurance Associates with 10, and King Risk partners with seven deals. While Arthur J. Gallagher did ink fewer deals than in the past, it did make two big acquisitions: AssuredPartners (pending approval) and Woodruff-Sawyer. Private-equity buyers dominate OPTIS Partners tracks buyers by four groups: private equity-backed/hybrid brokers, privately held brokers, publicly held brokers, and all others. The private equity-backed/hybrid group of buyers continued to dominate deal activity in the first quarter, accounting for 73% of all transactions. This pace-setting group includes just 26 firms. Privately held brokers completed 25 acquisitions while publicly held brokers reported 13 deals. P&C Agencies were main sellers Sellers are placed in four categories: property/casualty agencies, employee benefits agencies, combination P&C/benefits agencies, and all others. The latter includes third-party administrators and related managing general agent operations, and agencies solely focused on life insurance, investment or financial management, consulting, and other businesses connected to insurance distribution. P&C sellers accounted for 96 transactions (68% of the total). Benefits agencies sales totaled 11 (10%), and there were 14 sales of P&C/benefits agencies (8%). All other sellers accounted for 20 deals (14%). 2025 should bring more mega-deals Several private equity-backed firms are getting ready to put themselves on the market or recapitalize, according to OPTIS managing partner Timothy J. Cunningham. 'We also expect more large privately owned agencies will be sold this year,' he added. 'The sale of San Francisco-based Woodruff-Sawyer, with $268 million in estimated revenues, points to further mega-deals this year.' The full report can be read at . About OPTIS Partners Focused exclusively on the insurance-distribution marketplace, Chicago-based OPTIS Partners ( ) offers merger & acquisition representation for buyers and sellers, including due-diligence reviews. It provides appraisals of fair market value; financial performance review, including trend analysis and internal controls; and ownership transition and perpetuation planning. Contact: Steve Germundson, OPTIS Partners, [email protected] 612-758-0598 Tim Cunningham, OPTIS Partners, [email protected] , 312-543-5425 Dan Menzer, OPTIS Partners, [email protected] , 630-520-0490 Henry Stimpson, Stimpson Communications, [email protected] SOURCE: OPTIS Partners press release
CBS News
04-05-2025
- Politics
- CBS News
Pennsylvania Gov. Josh Shapiro joins Broad Street Run spectators to cheer on first lady, daughter
About 40,000 runners from across the region, including members of Pennsylvania Gov. Josh Shapiro's family, participated in the 46th annual Broad Street Run Sunday morning. The 10-mile race began near Jefferson Einstein Medical Center in North Philadelphia and ended at the Navy Yard, near the confluence of the Delaware and Schuylkill Rivers. Shapiro and his two sons hung out at the finish line to cheer on first lady Lori Shapiro and their daughter, Sophia Shapiro. "After we got elected governor, Lori said, 'Man, I want to do something different. I want to try something new,' and she got into running!" Shapiro recalled. "A few months later, she said, 'I want to do Broad Street.' I'm like, 'You go! That's awesome!'" Lori and Sophia Shapiro said stopping at every fluid station along the course helped get them to the finish line. "We're feeling great!" Lori Shapiro said. "It was fun! Really fun!" Pennsylvania Governor Josh Shapiro greeted First Lady Lori Shapiro and their daughter Sophia after they ran the 10-mile Broad Street Run. Today @CBSPhiladelphia at 6 pm, we'll tell you some of the reasons that motivated runners to wake up early to run 10 miles! — Brandon Goldner (@GoldnerTV) May 4, 2025 Mark Manila, a Norristown resident, ran down Broad Street to raise money for the American Cancer Society after his mother died five years ago from pancreatic cancer. "This race, really out of all the ones that I've ran, is probably the most special because I really did this one with purpose for her," Manila said. "Five years ago, you know, you didn't think that same way. It's when you lose somebody that, you know, things really change, so I'm just really proud to be running for her and with a purpose, and it's kind of taken on a whole new meaning." This year's race was different because organizers moved the start time up by a half-hour to 7 a.m., but Commissioner Susan Slawson, who runs Philadelphia's Parks and Recreation Department, said the earlier start time didn't stop runners from signing up. "It's one of those races that everyone loves," Slawson said. "We love the fact that people come here to celebrate not just the running, but also Philadelphia."
Yahoo
14-04-2025
- Business
- Yahoo
Ethos Capital-led consortium to take ownership position in BroadStreet
A consortium of investors led by Ethos Capital, British Columbia Investment Management and White Mountains has agreed to acquire an ownership position in insurance brokerage BroadStreet Partners. The financial terms of the agreement remain undisclosed. Ontario Teachers' Pension Plan acquired a majority stake in BroadStreet in 2012 and will retain a co-control stake, continuing its partnership with the new investor group. BroadStreet Partners specialises in commercial and personal property & casualty and employee benefits and is known for its collaborative model with Core Agency Partners. This model involves BroadStreet's provision of resources, tools and expertise to support the growth and performance of these independent insurance agencies. The company's co-ownership structure involves more than 800 colleagues who hold equity in their respective Core Agencies. The new partnership is expected to strengthen BroadStreet's long-term strategy, which includes further investments in technology and digital transformation. BroadStreet CEO Mike O'Connor said: 'BroadStreet is uniquely positioned as the partner of choice for successful entrepreneurs seeking new avenues for growth. Our differentiated co-ownership model and proven strategy empower our 30 Core Agency Partners to scale their businesses with confidence. 'For over a decade, the Ontario Teachers' team has been a value-added partner to us. We are excited to continue this collaboration and now join forces with Ethos, BCI and White Mountains, leveraging their collective expertise to enhance our capabilities and drive sustained growth.' BroadStreet has operations across all 50 US states and all ten Canadian provinces. Advisory services for the transaction were provided by Ardea Partners as the lead financial advisor to Ontario Teachers' and BroadStreet, with RBC Capital Markets and BMO Capital Markets as co-advisors. Legal counsel was provided by Latham & Watkins and Torys for Ontario Teachers' and BroadStreet, Kirkland & Ellis for Ethos Capital, Debevoise & Plimpton for BCI, and Cravath, Swaine & Moore for White Mountains. "Ethos Capital-led consortium to take ownership position in BroadStreet " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
