Today

Acrisure closes $725 million funding round

The new funding will allow Acrisure to continue pursuing acquisitions, grow its tech-enabled products and services, increase marketing and brand awareness, and invest in human and technological infrastructure to support continued growth, the company said. The equity raise also immediately reduces Acrisure’s debt leverage by 0.6 times.

“This investment is a testament to our strategic direction and ability to innovate and adapt to the needs of our customers,” said Greg Williams, co-founder, CEO and president of Acrisure. “We are thrilled to partner with ADIA and OHA, premier, globally recognized investment institutions, and continue our work with Guggenheim. This transaction reaffirms how the market, and our partners, value the strength of our performance and trajectory for future growth.”

Read next: Acrisure swoops for Volante Global

“Acrisure has grown at a rapid pace to become one of the world’s leading insurance brokers, and our investment aims to support the company as it continues to execute on its strategy,” said Hamad Shahwan Aldhaheri, executive director, Private Equities Department, at ADIA. “This transaction adds to our extensive portfolio of investments across the insurance industry value chain, a large and attractive market backed by long-term growth trends.”

Acrisure, founded in 2005, provides financial services for insurance and reinsurance, real estate services, cyber services and asset and wealth management. The company achieved 45.9% revenue growth and maintained its industry-leading acquisition pace last year, closing more than 130 deals.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button