Acrisure Secures $2.1 Billion for Expansion in M&A and Tech
Funding | May 21, 2025 | EIN
Acrisure has announced the closure of a definitive agreement to raise $2.1 billion through the issuance of new convertible senior preferred stock, led by Bain Capital. This funding round included significant investment from Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, among others. Valued at $32 billion, Acrisure has seen a nearly 40% valuation increase since its last capital raise three years ago. Proceeds from the funding will be allocated towards refinancing existing non-convertible preferred stock, pursuing strategic mergers and acquisitions (M&A), and accelerating its evolution into a technology-enabled financial services platform. With plans to broaden its service offerings across various domains like real estate, cybersecurity, and payment processing, Acrisure's CEO Greg Williams highlights the firm's transformation and expansive growth prospects. Importantly, the transaction did not involve any exits from existing investors, with BDT & MSD maintaining its status as the largest minority shareholder.
Sectors
- Financial Services
- Technology
- Insurance
Geography
- United States – Acrisure is based in the United States and its operations, leadership, and investors are predominantly located within the country.
Industry
- Financial Services – Acrisure operates as a global financial services provider, offering a variety of services including insurance brokerage, real estate, and financial solutions.
- Technology – Acrisure is described as evolving into an AI- and technology-enabled platform, indicating significant involvement and expansion in the tech sector.
- Insurance – Historically an insurance brokerage, Acrisure continues to have interests and operations related to insurance.
Financials
- $2.1 billion – The amount raised by Acrisure through the issuance of new convertible senior preferred stock.
- $32 billion – The current valuation of Acrisure, marking a nearly 40% increase since its last institutional capital raise.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Acrisure | Target Company | Company | A global financial services provider evolving from an insurance brokerage to an AI- and tech-powered platform. |
| Bain Capital | Lead Investor | Company | A private equity firm leading the $2.1 billion funding round for Acrisure. |
| Fidelity Management & Research Company | Investor | Company | One of the participating investors in Acrisure's funding round. |
| Apollo Funds | Investor | Company | One of the participating investors in Acrisure's funding round. |
| Gallatin Point Capital | Investor | Company | One of the participating investors in Acrisure's funding round. |
| BDT & MSD Partners | Investor | Company | Remains the largest minority shareholder in Acrisure through affiliated funds and participated in the funding round. |
| Greg Williams | Chairman, CEO and Co-founder | Person | Key executive at Acrisure, leading the company's strategic vision and growth. |