Acrisure in Michigan Announces Management-Led Buyout

October 21, 2016

Grand Rapids, Mich.-based Acrisure LLC has signed a definitive agreement for a management-led buyout of the company, led by Greg Williams, Acrisure’s CEO and co-founder, and a consortium of minority investors.

Acrisure management and its operating partners are acquiring control of the company from Genstar Capital. Genstar acquired Acrisure in 2013 and has since worked with Williams and the Acrisure management team to expand Acrisure’s geographic footprint and to broaden the size and scope of its insurance offerings.

Under Genstar’s ownership, the company acquired more than 138 retail insurance brokerages and generated industry-leading organic growth. Annual revenues today exceed $670 million.

Merger“We have truly enjoyed our partnership with Genstar, both because of the guidance and support they have provided and the capital that has allowed us to become a desired choice for agencies looking to become part of our national platform,” Williams said in a statement. “Our team continues to evaluate a strong pipeline of attractive opportunities and we look forward to controlling our destiny as we continue to partner with high quality insurance agencies.”

Acrisure is a retail insurance brokerage offering risk management and consulting solutions, including property/casualty, employee benefits, human resource outsourcing, loss and claims management, surety bonding and personal lines coverage.

Topics Michigan

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