Launch Environmental Underwriters Acquired by Sands Point Risk | Financial Services M&A Deal

Sands Point Risk has completed the acquisition of Launch Environmental Underwriters, a insurance brokerage business in New Jersey, for $250 million. Launch Environmental Underwriters provides environmental general liability insurance for complex risks across energy, infrastructure, construction, chemical, and industrial sectors from Jersey City, NJ. Sands Point Risk acquisitions expand its environmental practice as a multi-program managing general agency platform focused on transaction liability insurance. The deal is an add on acquisition and a private equity acquisition, with Sands Point Risk launched in 2024 with support from Avesi Partners and an expected combined gross written premium target of over $250 million in two years. Terms were not disclosed, and Launch is positioned as a cornerstone for Sands Point Risk’s growth in financial services deals NJ.