Acrisure eyes more M&A, hits mega $23bn valuation with funding injection

Global broker  Acrisure has secured $725 million equity funding at a valuation of $23 billion, representing a 31% increase from its last equity round in March 2021. The new raise immediately reduces the company’s net debt leverage by 0.6x, allowing it to fuel its ongoing global expansion and  continue pursuing “value-accretive” acquisitions in the market.

The funding was led by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors (OHA).

Besides M&A,  Acrisure also seeks to grow its tech enabled solutions, increase marketing and brand awareness, and invest in talent and technological infrastructure to support growth.

“This investment is a testament to our strategic direction and ability to innovate and adapt to the needs of our customers,” said Greg Williams (pictured), co-founder, CEO and president of  Acrisure. “We are thrilled to partner with ADIA and OHA, premier, globally recognized investment institutions, and continue our work with Guggenheim. This transaction reaffirms how the market, and our partners, value the strength of our performance and trajectory for future growth.”

Hamad Shahwan Aldhaheri, executive director, private equities department, ADIA, said: “ Acrisure has grown at a rapid pace to become one of the world’s leading insurance brokers, and our investment aims to support the company as it continues to execute on its strategy. This transaction adds to our extensive portfolio of investments across the insurance industry value chain, a large and attractive market backed by long‑term growth trends.”

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