Acrisure Secures $2.1B Capital Raise Led by Bain Capital to Fuel Tech-Enabled Growth and M&A

Acrisure announced a definitive agreement for a $2.1 billion capital raise through the issuance of new convertible senior preferred stock, led by Bain Capital. The funds will refinance existing non-convertible preferred stock, support strategic accretive mergers and acquisitions, and accelerate Acrisure’s growth as a tech-enabled financial services platform aimed at millions of small- and medium-sized businesses worldwide.

CEO Remarks on Strategic Growth

“This transaction represents a significant milestone and validates our vision for Acrisure’s scaled platform,” said Greg Williams, Chairman, CEO, and Co-founder. “Our evolution into an AI- and technology-powered global financial services provider unlocks massive opportunities. We are grateful for the continued support and confidence of our investors.”

Key Investors and Leadership Updates

Key investors include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and others.
BDT & MSD remains the largest minority shareholder.
Cristian Jitianu, Partner at Bain Capital, will join Acrisure’s board of directors, highlighting Bain’s commitment to Acrisure’s growth.
Acrisure recently strengthened its executive team with CTO Mark Wassersug (former COO of Intercontinental Exchange) and Chief Administrative Officer Shawn Pelsinger (former Global Head of Corporate Development at Palantir Technologies).

Expansion Strategy and Platform Integration

The company plans to leverage the new capital for strategic M&A and to fully integrate its platform, built on 900 prior acquisitions.
Expansion will include enhancing product offerings such as real estate services, cybersecurity, payroll and payment processing, and retirement/wealth solutions.
Acrisure aims to solidify its position as the leading fintech solutions provider for SMBs domestically and internationally.

Valuation and Market Position

Acrisure’s valuation has surged to $32 billion, a nearly 40% increase since its last institutional funding round three years ago, underscoring the company’s rapid growth and market leadership.

Advisory and Legal Partners

Morgan Stanley & Co. LLC served as sole placement agent. Legal counsel was provided by Skadden, Arps, Slate, Meagher & Flom LLP and Varnum LLP.

With this substantial capital infusion and strategic investor backing, Acrisure is well-positioned to accelerate its fintech platform’s expansion and M&A efforts, delivering innovative, personalized financial and insurance solutions to millions of small- and medium-sized businesses worldwide.