Sodalis Capital, which is backed by Alliant and BP Marsh, has launched its buy and build strategy with a stated focus on acquiring managing general agents. Colin Thompson is the new consolidator’s founder having previously established Kentro Capital (formerly Nexus Underwriting).

Thompson said: “We will be looking to acquire in the broad international insurance intermediary space and already have a rich pipeline of M&A opportunities in play, which we expect to start realising very quickly. Going forward our plan is to build a truly meritocratic and entrepreneurial business that will create significant value for all our stakeholders.”

He added: “This is a hugely exciting business opportunity, bringing together seasoned insurance intermediary investors and practitioners who share a vision for long-term, sustainable growth. Our purpose is to build a market leading international group that will attract the brightest entrepreneurial talent.”

Founder Thompson will lead Sodalis Capital. Its board comprises Sean McConlogue, president of Alliant underwriting solutions and consumer solutions; Bill Mecklenburg, EVP of Alliant underwriting solutions; Daniel Topping, chief investment officer of BP Marsh & Partners Plc, and Ian Whistondale who co-founded Nexus with Thompson in 2008.