Sectors
Foley & Lardner LLP served as legal advisor to Lewis & Ellis, Inc., a leading full-service actuarial consulting firm backed by private equity firm Novacap, in its acquisition of Alan Gray LLC and its subsidiary, A.G. Risk Management, Inc., from Premia Holdings Ltd.
The transaction, which closed on August 31, 2026, marks Lewis & Ellis’s third add-on acquisition since forming its strategic partnership with Novacap in 2023, in which Foley also advised Novacap.
The acquisition expands Lewis & Ellis’s insurance consulting platform through the addition of Alan Gray’s specialized claims management, litigation support, forensic accounting, and legacy insurance administration capabilities. The combination complements Lewis & Ellis’s actuarial, regulatory, pricing, and reserving services across the life, health, and property and casualty insurance markets.
Founded in 1988 and headquartered in Boston, Alan Gray provides consulting services to insurers, reinsurers, law firms, and other insurance market participants. Lewis & Ellis, founded in 1968 and based in Dallas, serves clients across the life, health, property, and casualty insurance sectors.
Novacap is a leading North American private equity firm that applies a sector-focused investment approach across industries, technology, media and telecommunications, financial services, and digital infrastructure.
Foley’s transactions team was led by partner Gjina Lucaj alongside partner Benjamin Rikkers and corporate associates Zachary Simon and Shelby Engelbrecht.
Additional subject matter support was provided by Jon Gabriel (Private Equity), John Palmer (Tax), Kathleen Bardunias and Gage Maurer (Employee Benefits), Ethan Lenz, J.J. Silverstein, and Felicia James (Insurance), Chanley Howell and Erica Bade (Technology Transactions), Ryan Parsons (Labor & Employment), Scott Anderson (IP), Eric Pearson (Commercial Litigation), and Christopher Rabil (Real Estate).
