AmWINS Group to Acquire LISI and CoPower in California

AmWINS Group Inc. has signed a definitive agreement to acquire LISI Inc. and CoPower, Inc.

Terms of the deal were not disclosed. The transaction is expected to close later this month, pending regulatory approval and customary closing conditions.

LISI Inc. is a California-based general agent specializing in medical and ancillary benefits. CoPower Inc. is a third-party administrator in California focused on providing consolidated administration in the ancillary space.

LISI and CoPower will become part of AmWINS’ Group Benefits division, which consists of 10 operating companies that develop, underwrite, distribute and administer niche employee benefit programs.

Charlotte, N.C.-based AmWINS Group is an independent wholesale distributor of specialty insurance products.