Gainesville, Florida-based The Liberty Firm Insurance coverage Brokers, calling itself one of many fastest-growing privately held brokerages within the nation, is ready to develop a bit extra this 12 months, because of a $100 million line of credit score.
The brokerage introduced this week that it had secured the upsized, credit score facility by means of a syndicate led by JPMorganChase.
“This funding enhances {our capability} to proceed to put money into our infrastructure, new partnerships and most significantly, hiring and growing nice folks to gas our development,” Liberty CEO Invoice Johnson mentioned in an announcement.
The capital infusion, which follows an August 2023 credit score providing of $340 million, will even be used to proceed with mergers and acquisitions of brokers across the nation, in addition to an enlargement of specialised business companies, the corporate mentioned.
Liberty’s information launch didn’t point out what these specialised companies could also be, however the agency has traditionally centered on business insurance coverage, together with legal responsibility, staff’ compensation and business auto protection, in addition to private traces and worker advantages.
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