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Velocity CEO: Oaktree deal accelerates growth opportunities

Velocity Bowie Deal.jpg

Velocity Risk Underwriters’ CEO Phil Bowie said his company’s deal for Oaktree Capital to take a majority stake in his company will accelerate Velocity’s growth ambitions, allowing the company to more quickly scale organically through strategic M&A, and set up balance sheet entities where it can access all forms of capital on a direct basis.

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