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
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Healthcare Cyber Insurance at an Inflection Point 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners 
Pierce Named CEO of GEICO as Combs Resigns 
