WalkerHughes Receives Minority Investment From BW Forsyth Partners
WalkerHughes Insurance announced that it has received a strategic minority investment from BW Forsyth Partners.
Indianapolis, Indiana-based WalkerHughes will remain locally owned and operated with Benjamin Schoettmer, Founder and Chief Executive Officer, retaining a controlling interest as the largest shareholder. The existing leadership team and all employees will also remain with the Company. Forsyth will join the Board of Directors of WalkerHughes.
The minority capital investment will allow WalkerHughes to continue its core strategy of investing in top talent, developing its proprietary technology, and expanding through mergers and acquisitions among other organic initiatives. WalkerHughes and Forsyth Partners share the common goal of strengthening the Company’s commitment to its customers and communities while expanding its geographic footprint.
Based in St. Louis, Forsyth Partners prioritizes company values built upon the notion of putting people first. Forsyth Partners is an investment firm backed by Barry-Wehmiller, a multi-billion dollar global provider of services and equipment to a diverse set of end markets, and blends Barry-Wehmiller’s unparalleled legacy of value creation and people-centric culture with investing expertise in supporting management teams and propelling companies forward. Forsyth Partners holds a long-term investment strategy with an evergreen capital base.
Piper Sandler & Co. served as exclusive financial advisor to WalkerHughes on this transaction and Barnes & Thornburg LLP served as legal counsel. Thompson Coburn LLP served as legal counsel to Forsyth.