Steadfast Group buys US insurance agency network ISU Group for $55 million

SYDNEY, AUSTRALIA: Steadfast Group, an Australian insurance broker network, has entered the US insurance market by buying ISU Group, a private independent insurance agency network, for US $55 million. The deal, which was announced on Thursday, will be funded from Steadfast’s existing corporate debt facilities and free cashflow. It is expected to increase Steadfast’s earnings…