Latham & Watkins Advises Ontario Teachers’ in BroadStreet Partnership With Ethos Capital, BCI, and White Mountains

BroadStreet Partners, a leading North American insurance brokerage company, announced that an investor group led by Ethos Capital, British Columbia Investment Management Corporation, and White Mountains Insurance Group, Ltd., will acquire an ownership position in BroadStreet. Under the terms of the agreement, Ontario Teachers’ Pension Plan will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group.

Latham & Watkins LLP represents Ontario Teachers’ and BroadStreet in the transaction with a corporate deal team led by New York partners John Giouroukakis and David Owen and New York counsel Jennifer Wong, with associates Sofia Skara, John McMillan, Tess Cobrinik, and Blake Clevenger. Advice was also provided on tax matters by New York partner Jocelyn Noll and Washington, D.C. partner Andrea Ramezan-Jackson, with associate Lukas Kutilek, and on benefits and compensation matters by Washington, D.C. partner David Della Rocca and Washington, D.C. counsel Laura Szarmach.