NEW YORK: Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions and appointed Nick Alexander as President.

Powderhorn, based in Brookfield, Connecticut, specializes in residential warranty and protection programs for oil tanks and septic systems, with over 25 years of experience.

Nick Alexander, a seasoned executive in the home warranty industry, brings extensive experience from his tenure at HomeServe USA and other notable companies. Michael Feeney, Managing Member of Coleville Partners, expressed excitement about the acquisition, highlighting Powderhorn’s pioneering role in residential tank protection programs.

Alexander looks forward to leveraging his expertise to drive growth at Powderhorn, while Fred Browning of Accretive Insurance Solutions expressed confidence in the new ownership.

Coleville Partners is a private investment firm located in New York City. The firm acquires private businesses in the US with the goal of operating them for sustainable growth over the long term.

Coleville Partners focuses on high quality or performing businesses, as well as businesses that have reached certain operational or strategic inflection points. The firm acquires services businesses broadly with a focus on industries including insurance, warranty, service contracts and residential services.