The financing is made of a $900 million delayed draw term loan, which increases the company’s existing unitranche loan, as well as a $100 million increase to its revolving line of credit. Golub Capital serves as the administrative agent, lead arranger, and joint bookrunner for the deal.
The financing includes a $900 million delayed draw term loan, which increases the company’s existing unitranche loan, and a $100 million increase to its revolving line of credit. Golub Capital served as the administrative agent, lead arranger, and joint bookrunner for the deal.
John Mina, Global CEO at Accession Risk Management, commented: “At a time when the insurance industry is rapidly evolving and risk management demands become increasingly complex, we are leading the way in reimagining the brokerage business through a novel, specialist-based model.”
“As we continue to grow our platform of top experts in their respective sectors, we remain uniquely positioned to be a true business partner to clients, providing the sophisticated perspectives and insights that enable decision-makers to stay ahead of changing market dynamics, not just keep pace with them,” he added.
In 2023, the company completed a record 32 new acquisitions, achieving strong organic growth, seeing a 25% increase in revenue, and reaching $1.5 billion on a pro-forma basis.
Last year, Accession Risk Management Group completed a record 32 new acquisitions, achieved strong organic growth, and saw a 25% increase in revenue, reaching $1.5 billion on a pro forma basis.
Sharon Edwards, CFO of the Group, said: “Having firmly established an innovative and highly successful model, formidable U.S. presence and core competency in M&A, we continue to embrace the entrepreneurial mindset of a builder with a relentless focus on serving the needs of our clients, team members, and shareholders while creating value every step of the way.
“This financing will help propel the further expansion of our North American market share and also hasten our ability to explore complementary international opportunities,” she concluded.
