Accession Threat Administration Group, the dad or mum firm of specialty insurance coverage brokerages Threat Methods and One80 Intermediaries, studies it has closed a $1 billion incremental debt increase and refinancing.
Accession Threat Administration Group is a portfolio firm of Kelso & Co., a personal fairness agency that has partnered with Threat Methods since 2015.
The current financing features a $900 million delayed draw time period mortgage and a $100 million improve to its revolving line of credit score.
Accession Threat Administration Group executed a document 32 new acquisitions final yr and posted a 25% improve in year-over-year income, reaching $1.5 billion on a professional forma foundation.
This firm mentioned its efficiency has meant strategic investments in know-how and operational infrastructure, in addition to efforts to create a “vacation spot office” for expertise.
“This financing will assist propel the additional enlargement of our North American market share and likewise hasten our capability to discover complementary worldwide alternatives,” mentioned Sharon Edwards, chief monetary officer, Accession Threat Administration Group
Headquartered in Boston, Massachusetts, Accession Threat Administration Group’s specialty insurance coverage and threat administration firms, together with core working platforms Risk Strategies and One80 Intermediaries, at present place within the combination greater than $15 billion in insurance coverage premiums and $1.5 billion in mixed revenues.
Greater than 180 firms have joined the Accession since 2014.
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