TPG-backed Third Wave adds Massad Olinde and four Gulf Coast firms

Third Wave Insurance, a retail insurance brokerage platform backed by TPG, acquired five insurance and advisory businesses: Massad Olinde, Acuity Group, AWS, Spielmann & Associates, and Alexander Financial Group.

The acquisitions expand Third Wave's footprint into the Gulf Coast region, adding employee benefits, commercial P&C, retirement, and wealth advisory services across Louisiana, Mississippi, and Florida.