He rejoins firm and specializes in agency ownership succession and M&A services
CHICAGO — Steven Germundson recently rejoined OPTIS Partners as a partner. Based in Minneapolis, Germundson offers insurance agents and brokers deep expertise in agency ownership succession planning and M&A advisory services.
OPTIS Partners is a top-five
investment banking and financial consulting firm serving insurance agents and
brokers.
Germundson was most recently
senior vice president of corporate development at Prime Risk Partners, joining
that company shortly after its formation in 2014. During his tenure, Prime Risk
grew from scratch to become the 35th largest insurance broker in North America,
largely via acquisition.
Before that, he was a
co-founder of OPTIS Partners in 2001. His consulting activity focused on
internal agency operations, strategic and annual planning, ownership succession
planning, and general business consulting.
In 1994 he co-founded a
Minneapolis-based insurance agency, NSIA, Inc. where he had overall
responsibilities for financial and operations management and the firm’s
acquisition activity. He began his career with Hales & Associates in 1987
where he was a consultant working with independent agency owners and managers
in both financial and operational consulting engagements.
“Steve will play a key role
as we continue to serve a growing list of clients in the United States and
beyond,” Timothy J. Cunningham, managing partner.
Germundson is a graduate of St. Olaf College.
Focused
exclusively on the insurance-distribution marketplace, Chicago-based OPTIS
Partners (www.optisins.com) 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.
More about OPTIS Partners
OPTIS Partners was ranked in the top five most active agent-broker M&A advisory firms for 2014 through 2019 by S&P Global Market Intelligence. It’s also known for its quarterly and annual reports on trends in insurance agency mergers and acquisitions in the U.S. and Canada.
