Greenhill Capital Partners LLC has completed a $20 million investment in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies since inception and today places approximately $350 million in insurance premiums.
GCP's investment will support future growth initiatives for the business. The management of Acrisure
has a successful track record of acquiring and partnering with mid-sized independent insurance agencies nationwide. The agencies within Acrisure's 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. Most of Acrisure's agencies have operated in their local markets for over 30 years.
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