Bearence Management Group | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

Bearence Management Group

Value Not Disclosed 06/11/2015 Financial Institutions Complete
Financial Sponsors
Show Tombstone

Transaction Details

  • On June 11, 2015, Bearence Management Group (“Bearence” or “The Company”), a McCarthy Capital portfolio company, was acquired by BroadStreet Partners, Inc. (“BroadStreet”), an insurance brokerage company with headquarters in Columbus, Ohio and certain individuals of Bearence management
  • Bearence is a fast growing risk management firm, providing insurance products and financial services with a focus on risk, investments, communications, consulting and outsourced services
  • The Company provides property and casualty insurance, employee benefits, surety bonds, corporate and family health products, financial planning, HR outsourcing and risk management services
  • The Company has a significant presence in both the Des Moines and Minneapolis / St. Paul areas, with a satellite office in Kansas City
  • Top 5 insurance broker in Des Moines area and Top 12 insurance broker in the Twin Cities
  • Licensed in 49 states with over 100 employees
  • Stephens Inc. served as exclusive financial advisor to Bearence

About the company

Bearence Management Group

Bearence Management Group (“Bearence”), founded in 2005 with the mission of providing unparalleled service to its clients, is an industry leading provider of risk management and financial products. Bearence goes beyond the more traditional insurance agency, evaluating a client’s entire risk profile and developing holistic risk management solutions by focusing on risk, investments, communications, consulting and outsourced services. Bearence is Headquartered in West Des Moines, IA with additional offices in Mendota Heights, Minnesota and Overland Park, Kansas and serves over 2000 clients. For more information, visit

McCarthy Capital

McCarthy Capital is an Omaha-based private equity firm focused exclusively on lower middle market companies with less than $250 million of revenues. For nearly 30 years, McCarthy has been partnering with founders, families and exceptional management teams to support the growth of their companies. McCarthy tailors investment structures to accommodate the needs of all stakeholders, enabling them to act as either a minority or majority investor. McCarthy manages more than $900 million of investment capital and typically invests $10 to $50 million of equity in a mix of growth equity investments, recapitalizations and management buyouts. For more information, visit

BroadStreet Partners

BroadStreet Partners is an insurance brokerage company operating through a diverse group of premier regional insurance agencies. BroadStreet’s unique partnership approach aligns incentives through equity ownership with management and preserves the entrepreneurial orientation that distinguishes the most successful insurance brokerage firms. Its’ unique model delivers operational autonomy to its “core” partners and the ability to leverage scale, acquisition expertise and access to capital. BroadStreet is the 15th largest insurance broker in the United States and the 6th largest privately held broker. It has 16 regional “core” partners with over 138 office locations. For more information, visit

Sources: Company provided information.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.