Acrisure in Michigan Announces Management-Led Buyout
Grand Rapids, Mich.-based Acrisure LLC has signed a definitive agreement for a management-led buyout of the company, led by Greg Williams, Acrisure’s CEO and co-founder, and a consortium of minority investors.
Acrisure management and its operating partners are acquiring control of the company from Genstar Capital. Genstar acquired Acrisure in 2013 and has since worked with Williams and the Acrisure management team to expand Acrisure’s geographic footprint and to broaden the size and scope of its insurance offerings.
Under Genstar’s ownership, the company acquired more than 138 retail insurance brokerages and generated industry-leading organic growth. Annual revenues today exceed $670 million.
Acrisure is a retail insurance brokerage offering risk management and consulting solutions, including property/casualty, employee benefits, human resource outsourcing, loss and claims management, surety bonding and personal lines coverage.
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