(Image source: SUNZ homepage.)
SUNZ Holdings, a Bradenton, Fla.-based workers’ compensation and services company, has announced that funds managed by Blackstone Tactical Opportunities (New York) have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. The companies declined to disclose the terms of the transaction.
In addition to workers compensation insurance, SUNZ provides related services, such as policy administration, claims administration and customer support. The company pitches itself as delivering technologically advanced solutions for its customers with a specialized focus on risk sharing programs for Professional Employer Organizations, staffing companies and large organizations.
“SUNZ is exceptionally well positioned for future growth,” comments Menes Chee, Senior Managing Director, Blackstone. “Blackstone is excited to partner with their first-rate management team to help the company continue to expand into new markets and verticals so it can best serve its customers.”
SUNZ expects that partnership to propel the company to a new level by enabling it to pursue new market opportunities and expand its national footprint, according to Steve Herrig, CEO, SUNZ. “We look forward to a synergistic collaboration with Blackstone and to further accelerating the expansion of our specialized programs.”