On June 10, 2024, Axis Insurance Managers Inc. ("Axis Insurance"), a leading independent specialty insurance brokerage, received a significant growth investment from funds managed by Lee Equity Partners, LLC ("Lee Equity"). The partnership strategically positions Axis Insurance for long-term success, complementing its existing shareholder base. Founder and CEO Alex Meier retained the majority of his equity stake in the company.

Axis Insurance's President and CEO, Alex Meier, expressed enthusiasm about the partnership with Lee Equity, highlighting its potential to accelerate growth and enhance their national business. Mark Mauceri, Partner at Lee Equity, acknowledged Axis Insurance as an emerging leader in specialty commercial insurance with a promising track record. Partner Mark Gormley added that Lee Equity was impressed with Axis Insurance's thoughtful approach to building a market-leading business and looked forward to capitalizing on future opportunities.

Lee Equity has a history of investments in the insurance sector, including Captive Resources, McLarens, K2 Insurance, Simplicity Group, and Universal American.

Smythe LLP served as financial and tax advisor to Axis Insurance, with Lawson Lundell LLP acting as legal counsel. Piper Sandler & Co. was the financial advisor to Lee Equity, and Stikeman Elliott LLP served as legal counsel to Lee Equity.