AEU Holdings Closes on Acquisition Facility to Complete Four Acquisitions

AEU Holdings, LLC (“AEU Holdings”), a diversified specialty insurance platform specializing in insurance, risk management, cost containment and claims administration for multi-employer, association and affinity groups has closed on an acquisition debt facility arranged by TAG Financial Institutions Group, LLC. Simultaneous with the close, AEU Holdings completed the following transactions:

AEU Holdings has Acquired Tee & Gee Group
AEU Holdings has acquired Dallas based Tee & Gee Group, LLC (“Tee & Gee”), a managing general agency that provides workers’ compensation insurance through exclusive insurance programs for Professional Employer Associations (“PEOs”).  Tee & Gee provides comprehensive insurance placement, risk management and risk financing services and strategies for its clients. Tee & Gee was acquired from American European Insurance Group, Inc. (“AEG”), a New York based insurance company in a three-step transaction whereby the management of Tee & Gee purchased a minority stake of Tee & Gee then AEU Holdings purchased 100% of Tee & Gee from management and AEG.  Management will continue to operate the business for AEU Holdings.

AEU Holdings has Acquired Trinity Insurance Services
AEU Holdings has completed the acquisition of New Orleans based Trinity Insurance Services, LLC (“Trinity”). Trinity is an independent insurance adjusting company and third party administrator with a nationwide network handling property and casualty claims.  

AEU Holdings has acquired Medical Cost Managers
Medical Cost Managers, LLC is a medical cost containment company providing cost containment services for workers compensation programs through medical bill review, medical case and utilization management and vocational rehabilitation.

AEU Holdings has acquired a case management corporation specializing in working with injured individuals and providing workers’ compensation vocational cost management services.