Incline P&C Group, the leading insurance program market services firm, has secured a significant investment of $125 million from Braemont Capital.
Braemont, known for partnering with exceptional companies during their growth inflection points, aims to support Incline in expanding its platform and remaining at the forefront of innovation in the insurance industry.
The exact financial terms of the deal remain undisclosed.
Incline P&C Group, headquartered in Austin, brings over 75 years of combined industry experience. The company has gained recognition for its expertise in program management, disciplined underwriting processes, risk management, reinsurance, and economic alignment with partners.
Currently, Incline’s programs encompass a diverse range of insurance lines, including private passenger auto, cargo, commercial auto, flood, homeowners, motorcycle, pet, and workers’ compensation insurance.
Robert Covington, Managing Partner of Braemont, expressed his satisfaction with the partnership, stating, “Incline is a leading program carrier, and we are pleased to partner with Chris McClellan and the leadership team to help expand the platform and continue to be an innovator in the insurance industry. The company has experienced incredible growth in premium volume and program acquisition and through this investment, we are excited to join Incline on their mission to continue to be the premier insurance program market services firm.”
Chris McClellan, President and CEO of Incline P&C Group, added, “In Braemont, we have found a long-term investment partner with a strong record in insurance and financial services investment experience. Their relationship-driven mindset will add great strategic value to Incline as we advance our company, meet the needs of our clients and expand our capacity for new business,”
Barclays acted as the financial advisor to Incline in the transaction.
