The capital raise involves the issuance of new convertible senior preferred stock and includes participation from major institutional investors such as Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of others. Notably, no existing investors exited as part of the transaction, and BDT & MSD remains Acrisure’s largest minority shareholder through affiliated funds.
Acrisure said proceeds from the raise will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic and accretive mergers and acquisitions, and accelerate development of its AI- and tech-enabled platform.
Following the transaction, Acrisure’s valuation has reached $32 billion, a 40% increase from its last institutional capital raise three years ago.
“This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality,” said Greg Williams, Chairman, CEO and Co-founder of Acrisure. “Our evolution from an insurance brokerage into an AI- and technology-powered global financial services provider has opened the door to massive opportunity.”
Cristian Jitianu, Partner at Bain Capital, praised the company’s strategic positioning: “Greg and his talented leadership team have built an impressive business that is clearly differentiated by its combination of entrepreneurial DNA, cutting-edge technology capabilities, and deep industry expertise. We are pleased to be selected as Acrisure’s partner of choice on this transaction and look forward to supporting their continued growth strategy.”
Acrisure has made over 900 acquisitions to date and plans to continue integrating these assets into its expanding ecosystem. The company’s offerings now include real estate services, cybersecurity tools, payroll and payment processing, and retirement and wealth management solutions.
The new funding is expected to further fuel Acrisure’s expansion and organic growth, positioning the company to capitalize on emerging opportunities in the financial services sector.
