FirstBest Systems, a leading provider of cloud-based underwriting solutions in the property and casualty (P&C) industry, has been acquired by Guidewire Software. With a team led by Fred Joseph, AGC Partners acted as sole financial advisor to FirstBest Systems. According to Guidewire, "the addition of FirstBest's technology and people will enable the expansion of the Guidewire Insurance Platform by providing insurers in the U.S. and Canada writing complex commercial, specialty, and workers' compensation lines greater support for their risk assessment and decision-making processes."
Fred and AGC ran an efficient process: they inherited a very complex situation, and boiled it down to a very consumable story. Ultimately they found the best buyer and highest valuation for us. I am a return client and there is nobody I would rather have in my corner than Fred and AGC. I know we will get the chance to do it again!