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Private equity firm buys staffing insurer

June 30 2008

Sunz Group LLC, a workers' compensation provider primarily to professional employer organizations and other staffing companies, was acquired by Palm Beach Capital, a private equity firm. Terms of the deal were not announced.

"Customers are demanding multi-state coverage and we intend to expand into additional states to support them," said Nate Ward, a partner at Palm Beach Capital. "Our investment will allow the company to grow significantly in both the short- and long-term."

Founded in 2005, Sunz is based in St. Petersburg FL.

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