Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich.
Formed in 2005, Acrisure has acquired 17 insurance agencies since inception and currently places approximately $350 million in insurance premiums.
Acrisure has acquired and partnered with mid-sized independent insurance agencies nationwide that specialize in placing property and casualty, benefits and other insurance lines, primarily with middle-market commercial accounts throughout the Midwest U.S.
New York-based GCP’s investment will support future growth initiatives for the business.
The brokerage serves more than 20,000 clients in Michigan, Illinois, Indiana and a number of other states and has relationships with approximately 200 insurance carriers.
Acrisure is led by Greg Williams and Rick Norris.
Source: Greenhill Capital Partners
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
Woman Takes Honda to Small-Claims, Wins Big
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
