Third Wave Acquires Five Gulf Coast Insurance and Advisory Agencies

Third Wave Insurance, an insurance brokerage platform managed by TPG, has entered into definitive agreements to acquire five insurance and advisory agencies across Louisiana, Mississippi and Florida.

The acquisitions include Massad Olinde, a Baton Rouge-based employee benefits and retirement advisory business; Acuity Group, a Ridgeland‑based employee benefits brokerage that includes BAS, its third‑party administrator for self‑funded health plans; AWS, a commercial property and casualty agency serving the greater New Orleans market; Spielmann & Associates, a Lafayette-based wealth management and employee benefits advisory business; and Alexander Financial Group, an Orlando-based commercial property and casualty agency.

Following the close of the transactions, all five businesses will operate under the Palmer & Cay brand, Third Wave’s flagship retail business, under the leadership of Jack Cay and the Palmer & Cay management team.