Blackstone Tactical Acquires Stake in Sunz Holdings

Monday, December 28, 2020 | 0

Blackstone Tactical Opportunities acquired a “significant stake” in Sunz Holdings, the parent company of national workers’ compensation carrier Sunz Insurance.

Sunz did not disclose the terms of the transaction in a statement announcing the deal that it said will allow it to pursue new market opportunities and expand its national footprint.

Sunz, headquartered in Bradenton, Florida, provides work comp coverage and related services including policy administration, claims administration and customer support. The company said it has a specialized focus on risk-sharing programs for professional employer organizations, staffing companies and large organizations.

Blackstone in an investment firm, and Tactical Opportunities is described in a statement as its investment platform.