Private equity investment firm Greenhill Capital Partners, LLC, completed a $20m investment in Acrisure LLC, a Grand Rapids, Michigan-based Midwest insurance brokerage company.
As stated by Greg Williams, Chief Executive Officer at Acrisure, the investment provides Acrisure with strategic support and capital for the next growth phase.
Formed in 2005, the company has acquired 17 insurance agencies since inception and today places approximately $350m in insurance premiums.
The agencies within its network specialize in placing property and casualty, benefits and other insurance lines primarily with middle-market commercial accounts throughout the Midwest U.S.
The company serves over 20,000 clients in Michigan, Illinois, Indiana and a number of other states and has relationships with approximately 200 insurance carriers.