Acrisure, a Grand Rapids, MI-based global insurance broker, closed two transactions totalling $3.4 billion at an implied enterprise value of $17.5 billion.
BDT Capital Partners, a merchant bank that provides family and founder-led businesses with long-term, differentiated capital, led a $3 billion investment, through its affiliated investment funds, into Acrisure’s Senior Preferred Stock.
In addition, a consortium of investors has invested $454m of new capital in Junior Preferred Stock.
Led by Greg Williams, Co-Founder, President and CEO, Acrisure is an insurance brokerage providing a broad array of insurance-related solutions, including commercial property and casualty, personal lines and employee benefits through its global network of Agency Partners.
The company has over $2 billion in revenue.