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.
Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes 
Woman Used Photos from Another Person in State Farm Claim, NCDOI Says 
Hurricane Beryl Triggers Record Payout for Caribbean Insurer 
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers 
