Bison Capital Partners VI, LP announces investment in Total Scholastic Solutions, LLC
SANTA MONICA, CA (January 16, 2024) Bison Capital Partners VI, LP (“Bison Capital”), acquired the international education insurance segments from Global Benefits Group, Inc. (“GBG”) and its affiliated insurance company GBG Insurance Limited (“GIL”), along with the fully integrated administration platform to service the businesses. Bison Capital, in conjunction with the respective management teams, purchased three business units from GIL, which will now operate as TieCare International (“TieCare”), Clifford Allen Associates (“CAA”), and U.S. College Health Insurance Plans (“USCHIP”). All three businesses will be operated under the umbrella of Total Scholastic Solutions (“TSS” or the “Company”).
Total Scholastic Solutions, LLC
TSS will focus exclusively on the scholastic market, providing students and educators with tailored insurance solutions in the United States and internationally. TSS will look to grow and expand its insurance offerings and continue to provide industry-leading claims and customer service support. TieCare sells health, life, and disability insurance for international educators and faculty within 100+ schools. CAA sells health insurance to over 100 private secondary schools and elite preparatory schools in the U.S., primarily for inbound foreign students. USCHIP sells health insurance to small colleges and universities in the U.S., exclusively for inbound foreign students. Going forward, United States Fire Insurance Company, and its affiliate underwriting companies operating under the registered trademark of Crum & Forster (“Crum & Forster”), an “A” rated insurer, is now the exclusive insurance provider on all three books of business.
ABOUT BISON CAPITAL
Bison Capital is a Los Angeles and New York based private equity firm that makes growth capital investments in middle‐market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. www.bisoncapital.com
