KKR Sells ISC to Onex in Deal That Gives Employees Big Return

Onex Partners is buying Integrated Specialty Coverages from KKR & Co., marking a profitable exit for the private equity firm and delivering a cash payout for the nearly 400 employees of the California-based insurance platform.

As part of the transaction, all of ISC’s staff will receive money tied to their ownership stakes, according to a statement reviewed by Bloomberg News. Depending on tenure, the payments will range from roughly three months to more than two years of annual pay.

The sale delivers a return of more than 2.5 times what KKR invested in ISC since acquiring it in 2021, ...