Florida-Based The Liberty Company Keeps Growing, Now With $100M Credit Offering

Gainesville, Florida-based The Liberty Company Insurance Brokers, calling itself one of the fastest-growing privately held brokerages in the country, is set to grow a little more this year, thanks to a $100 million line of credit.

The brokerage announced this week that it had secured the upsized, credit facility through a syndicate led by JPMorganChase.

“This funding enhances our capability to continue to invest in our infrastructure, new partnerships and most importantly, hiring and developing great people to fuel our growth,” Liberty CEO Bill Johnson said in a statement.

The capital infusion, which follows an August 2023 credit offering of $340 million, will also be used to continue with mergers and acquisitions of brokers around the country, as well as an expansion of specialized industry services, the company said.

Liberty’s news release did not indicate what those specialized services may be, but the firm has historically focused on commercial insurance, including liability, workers’ compensation and commercial auto coverage, as well as personal lines and employee benefits.