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TPG-backed Third Wave Insurance agrees to buy five Gulf Coast agencies under Palmer & Cay brand

PUBT·07/29/2026 13:00:20
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TPG-backed Third Wave Insurance agrees to buy five Gulf Coast agencies under Palmer & Cay brand
  • TPG-backed Third Wave Insurance agreed to acquire five insurance and advisory agencies across Louisiana, Mississippi, Florida.
  • Deal marks entry into the Gulf Coast market, expands Southeast footprint through Palmer & Cay, Third Wave’s flagship retail brokerage.
  • Targets add employee benefits, commercial property and casualty, self-funded health plan administration, retirement, wealth advisory capabilities.
  • All acquired businesses to operate under the Palmer & Cay brand led by Jack Cay; Kelly Cox to lead the combined Gulf Coast platform.
  • Terms were not disclosed.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPG Inc. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.