Lovell Minnick-backed Warner Pacific has acquired Brokers Holding Group, a deal that expands the general agency's reach in the insurance distribution space. Warner Pacific, headquartered in Westlake Village, California, serves as a wholesale broker for independent agents. This transaction adds Brokers Holding Group's operations to Warner Pacific's platform.

Private equity firm Lovell Minnick Partners has been consolidating the fragmented insurance brokerage market through its portfolio companies. Warner Pacific's acquisition strategy targets regional brokers to build scale and improve service offerings. The deal strengthens Warner Pacific's position against larger competitors in the wholesale insurance sector.

Financial terms for the transaction were not disclosed. The move comes as insurance distribution remains a hot area for private equity investment, with firms seeking operational efficiencies and cross-selling opportunities. Investors will watch how Warner Pacific integrates Brokers Holding Group's book of business and client relationships.