A U.S. middle-market private equity firm with interests in life expectancy services has acquired a Canadian insurance services provider.
Genstar Capital L.L.C., San Francisco, has added Granite Global Solutions Inc., Toronto, to its portfolio.
Granite Global operates five businesses, including Henderson Structured Settlements Inc., a structured settlements firm, and Sibley & Associates, a disability management firm.
Genstar’s portfolio includes 21st Services L.L.C., Minneapolis, a firm that provides life expectancy information for the life settlement industry.
Genstar also controls several insurance brokerages that focus on the Hispanic consumer, and it has made additional investments in the life science, health care services, software and industrial technology industries.