Summit Global Partners Raises Additional Capital

September 27, 2000

Summit Global Partners has raised $17.5 million in equity capital, led by Securitas Capital and including Austin Ventures and Mellon Ventures. This latest round of financing brings Summit Global Partners’ total raised capital to $56.5 million.

“We are very excited about the completion of this latest capital round,” said Gary Griffith, chairman and CEO of Summit Global Partners. “It not only validates our strategy of consolidation, expanding products and technology, but also secures the company’s success in the future. Additionally, having an institutional investor lineup that includes Securitas Capital, Austin Ventures, and Mellon Ventures definitely separates us from our peer group.”

In the five and a half years since its inception, SGP has expanded into 16 markets and has grown to become one of the 25 largest insurance brokerage, risk management and employee benefit consulting firms in the United States.

Topics Mergers

Was this article valuable?

Here are more articles you may enjoy.