CHICAGO, Illinois, December 23, 2025 – Concert Group Holdings, Inc. (“Concert”), announced today that its shareholders have entered into an agreement for founding shareholder Freedom Underwriters LLC (“Freedom”) to purchase all outstanding shares from current shareholders WT Holdings, Inc. (“WT”) and Century Focused Fund IV, LLC (“Century”).
Subject to the relevant regulatory approvals, the transaction is expected to close during the first half of 2026.
The change in ownership and governance caps a particularly successful year at Concert. The company has built a broadly diversified book of business, bolstered its management as well as administrative teams, and achieved record premium growth. In August, the company effected a seamless transition in executive leadership, with former Chief Actuary Sam LaDuca succeeding John Hendrickson as Chief Executive Officer.
“We are encouraged and heartened by Freedom’s belief in Concert’s future as a leader in the fronting sector,” said Concert Chair Charles Slatery. “Throughout our discussions with Freedom, it’s been clear that they have complete confidence in our management team and in the strategy for growth that Concert is executing.”
In conjunction with the proposed acquisition, Freedom, backed by its original investors and Gryphon Holdings, LLC (“Gryphon”), a company financed by affiliate Phoenix Merchant Partners, has appointed accomplished insurance executive Erin Brennan Bagley to the Board in place of founding Director Brady Young who has stepped down, but will continue to be affiliated with Concert through Freedom.
“Erin’s expertise working with insurance company boards, as an advisor and as a director, and her significant transaction experience, make her a great representative for Freedom as the company undergoes this process,” said Young.
“I join Brady in noting the considerable strengths Erin brings to the Board,” said Slatery. “Her industry and governance experience are an excellent complement to the other skills represented on our Board.
“I want to extend the Board’s sincere appreciation to Brady, as well as to John who has also resigned from the Board, for all they’ve done to set Concert on the trajectory for success. We wish them both the very best in their future endeavors.”
“This is an exciting development at Concert,” said LaDuca. “It’s always gratifying to see your belief in a company and its team reflected by its ownership. We’ve been the recipients of that confidence for the last four years and are grateful for the stewardship we’ve received from all three of our founding shareholders.
“With Freedom’s acquisition of all outstanding shares, we transition to a singular partnership hallmarked by a commitment to realizing our potential. On behalf of the executive team, I want to thank Freedom for their continued belief in us and their trust in our ability to deliver superior results.”
About Concert Group Holdings, Inc.
Concert Group Holdings, Inc. is a privately owned insurance holding company, which, through its wholly owned subsidiaries, Concert Insurance Company® and Concert Specialty Insurance Company®, offers insurance fronting and related services in the United States. For more information, please visit www.concertgroup.com.
Media contact:
Wendy Davis Johnson
wendy@wendydavisjohnson.com