Steadfast Agrees to $7.7B Buyout by KKR-led Consortium
Steadfast Group has agreed to a A$7.7 billion take-private by a KKR-backed consortium led by Dragoneer and Amwins, with Amwins acquiring Steadfast’s underwriting agency and Dragoneer taking the broking unit, valuing the company at a 51.9% premium and set to close by year-end subject to regulatory approvals and an independent expert review. The deal has the board’s unanimous recommendation and relies on a scheme of arrangement, with potential divestitures and dividends as part of the restructure.
Business · 7 sources · Aug 21, 2026Read itThe journal
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About USCGC Steadfast
USCGC Steadfast (WMEC-623) was a United States Coast Guard medium endurance cutter in commission for 56 years. Commissioned in 1968, Steadfast was home ported in St. Petersburg, Florida for her first 24 years of service. In 1992, she was decommissioned for Major Maintenance Availability (MMA) to extend her service another 25 years. Following MMA in February 1994, Steadfast was re-commissioned and home ported in Astoria, Oregon until her decommissioning on February 1, 2024.
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