has been recapitalized by

Sunstar is a regional insurance broker providing P&C, benefits, and personal insurance products.

The undersigned acted as financial advisor to Sunstar in this Transaction

Sunstar Insurance Group

Description

Sunstar is a regional insurance broker providing P&C, benefits, and personal insurance products. It has offices across four states in the Southeast and Midwest.

Situation

The Company had built a robust pipeline of potential acquisition targets and needed additional capital that would allow it to continue to execute its acquisition strategy. The Company engaged Croft & Bender to evaluate financing options that would provide the necessary flexibility and to find a partner who could offer additional value to the execution of the Company’s strategy. Croft & Bender worked with the Company to build the financial case for the acquisition strategy, develop marketing materials, manage the diligence process, and negotiate with investors.

Result

Croft & Bender successfully negotiated a deal with LNC Partners for a flexible combination of debt and equity that gave the Company access to significant capital to continue pursuing acquisitions.