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Acrisure offers $300m senior debt to fund acquisitions, growth

17th July 2019 - Author: Charlie Wood

US insurance brokerage Acrisure has announced plans to offer approximately $300 million in senior debt.

AcrisureThe 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.

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