Blackstone Makes ‘Significant’ Investment in Florida-Based SUNZ Holdings
SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not disclosed.
SUNZ , a Florida-based a provider of workers’ compensation insurance and policy administration, claims administration and customer support, specializes in risk sharing programs for professional employer organizations, staffing companies and large organizations.
According to Steve Herrig, CEO of SUNZ, the new partnership with enable SUNZ to pursue new market opportunities and expand its national footprint.
SUNZ Holdings, LLC is the parent company of SUNZ Insurance, a national workers’ compensation insurance company headquartered in Bradenton, Florida. There are several affiliate companies within the SUNZ Holdings including Next Level Administrators, WatchPoint, Avalon Subrogation Partners, and Ascential Care Partners.
Blackstone is a global investment firm. Tactical Opportunities is a Blackstone’s platform that invests globally across asset classes, industries and geographies.
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