SUNZ Holdings, Main Staff Compensation Insurance coverage and Companies Firm, Broadcasts Important Funding from Blackstone Tactical Alternatives

Bradenton, Fla., December 23, 2020 (GLOBE NEWSWIRE) – SUNZ Holdings, LLC (“SUNZ”) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a significant stake in the company to provide fuel tanken SUNZ continues its expansion. The terms of the transaction were not disclosed.

SUNZ is a leading provider of employee compensation insurance and related services such as policy management, claims management and customer care. SUNZ offers its customers technologically advanced solutions – with a special focus on risk-sharing programs for professional employer organizations, HR companies and large organizations.

Menes Chee, Senior Managing Director at Blackstone, said, “SUNZ is exceptionally well positioned for future growth. Blackstone is excited to work with its world-class management team to help the company continue to expand into new markets and industries so that it can best serve its customers. ”

Steve Herrig, CEO of SUNZ, said, “This partnership should take SUNZ to a new level by allowing us to seize new market opportunities and expand our national presence. We look forward to a synergetic collaboration with Blackstone and to further accelerating the expansion of our special programs. “

About SUNZ Holdings, LLC

SUNZ Holdings, LLC is the parent company of SUNZ Insurance, a national employee compensation insurance company based in Bradenton, Florida. SUNZ Insurance develops unique employee compensation programs that deliver innovative and tailored solutions to protect companies and their employees. SUNZ is aware of its customers’ need for fluidity and offers options for employee compensation insurance that do not start and end with the printed policy. SUNZ is convinced that a safe work environment and healthy workforce are the basis for a successful company. There are several affiliated companies within SUNZ Holdings that provide related services to the employee compensation insurance industry. These companies include Next Level Administrators, WatchPoint, Avalon Subrogation Partners, and Ascential Care Partners. More information is available at www.sunzinsurance.com.

About Blackstone

Blackstone is one of the world’s leading investment firms. We want to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. To do this, we employ exceptional employees and flexible capital to support companies in solving problems. Our $ 584 billion in assets under management include investment vehicles with a focus on private equity, real estate, sovereign debt and equity, life sciences, growth capital, sub-investment grade opportunistic loans, real assets and secondary funds on a global basis. More information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About tactical options

Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic investment platform. The Tac Opps team invests worldwide in asset classes, sectors and regions in order to identify and take advantage of attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses and continually optimizes its approach in light of ever-changing market conditions.

Matt Anderson Blackstone 212-390-2472 [email protected]