Acrisure Leads Market in M&A Activity Through 2021
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Aug 18, 2021--
Acrisure, a fintech leader and top-10 global insurance broker, announced it has already closed 65 M&A transactions in 2021 and expects the number to well exceed its running five-year average of over 100 deals by year-end. With this M&A momentum, combined with strong organic growth and the Company’s overall focus on tech transformation, Acrisure will have approximately $3 billion in revenue by the end of 2021.
“Entrepreneurs know that partnering with Acrisure is the ultimate accelerant to growth and value creation,” said Greg Williams, Co-Founder, President and CEO of Acrisure. “In just over eight years we’ve completed more than 650 partnerships with the sharpest entrepreneurs in the industry. They, like us, believe in the power of ‘limitless’ growth by joining our leading distribution network.”
Internal referrals remain the leading source of Acrisure’s deal pipeline, a testament to the strong enthusiasm of Partners as they join Acrisure’s ecosystem. New Partners are drawn to Acrisure’s unique entrepreneurial model, which is powered by exceptional partnerships and unparalleled artificial intelligence capabilities.
In 2021, Acrisure has created a range of new partnerships across various insurance lines, including P&C, employee benefits and personal lines, as well as meaningful growth in its international expansion. This included Acrisure’s foray into the Italian market with the acquisition of specialty agency Double S. Acrisure’s physical footprint now extends across seven countries.
Fueled by a $3.4 billion capital raise announced in March of this year, Acrisure continues to expand beyond its core insurance vertical. In March, the Company announced the formation of its Asset Management division and anticipates M&A activity in this and other adjacent industries to close in the near-term.
“The value proposition at Acrisure is unprecedented. We are deploying technology everywhere and it is transforming everything we’re doing. Partnering with Acrisure truly means having access to resources others simply don’t provide,” added Williams. “We look forward to broadening our M&A reach to an even further degree to bring product and service solutions to our clients.”
Acrisure is a fintech leader and among the world’s top 10 insurance brokerages. The Company provides a broad array of insurance and financial related solutions, including commercial property and casualty, personal lines and employee benefits insurance as well as Asset Management products and services. Find out more at www.acrisure.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210818005095/en/
Media Contact: Elliott Bundy,EBundy@Acrisure.com, (347) 561-0276
KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN
INDUSTRY KEYWORD: TECHNOLOGY INSURANCE FINANCE CONSULTING BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE DATA MANAGEMENT
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PUB: 08/18/2021 08:00 AM/DISC: 08/18/2021 08:02 AM