US insurance brokerage Acrisure has announced plans to offer approximately $300 million in senior debt.
The company intends to use the net proceeds from the offering to fund acquisitions and to pay related fees and expenses.
The $300 million aggregate principal amount of senior notes is due 2026.
Over the past two years, Acrisure has grown from $650 million in revenue to approximately $1.5 billion.
It completed 92 acquisitions in 2017 and was anticipating over 100 by year-end 2018.
In March 2018, Acrisure announced the completion of its acquisition of Beach & Associates after the receipt of all necessary regulatory approvals.
The deal, initially announced in January 2018, saw Acrisure acquire 100% of Beach’s equity from shareholders.
