CAC Group, an insurance brokerage business, has announced the successful expansion of its syndicated loan facility, further bolstering its financial resources and strategic growth initiatives.
The syndicated loan, led by Wintrust Financial Corporation (Wintrust), includes participation from several other financial institutions, including Synovus and JPMorgan Chase.
According to the announcement, the increase in capital resources will enable CAC Group – which includes CAC Specialty, Cobbs Allen, and Dorset Peak – to pursue new markets, invest in key areas of growth, and continue delivering exceptional value to its clients.
Chris Trotter, CFO at CAC Group, said: “Over the past four transformative years, we have sought capital markets partners who understand our business and operations, while allowing for the flexibility to accommodate our growth strategy.
“Support from Wintrust, as agent, and more recently Synovus, has been critical during our expansion and recent merger between CAC Specialty and Cobbs Allen. We welcome an excellent addition to our longstanding banking relationships, further solidifying our strategic position.”
“The team at CAC Group has built an exceptional business. Wintrust is pleased to continue our support of CAC’s vision and strategic growth initiatives through an innovative financing solution,” said Lena Dawson, President of Wintrust Insurance Banking, a division of Lake Forest Bank & Trust Company, N.A., a Wintrust Community Bank. “We’re proud to leverage our insurance industry expertise to put together a thoughtful and tailored solution for CAC Group.”
