Acrisure has secured a US$2.1 billion capital investment through the sale of convertible senior preferred stock, led by Bain Capital. The financing round, which also included participation from Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, and BDT & MSD Partners, will be used to refinance existing non-convertible preferred stock, support strategic mergers and acquisitions, and further develop the company’s technology-driven financial services platform.
The investment aligns with Acrisure’s broader strategy to position itself as a fintech solutions provider for small- and medium-sized enterprises (SMEs) in both domestic and international markets. The company plans to continue pursuing targeted M&A opportunities to expand its footprint and offerings while consolidating its platform, which has been developed through approximately 900 acquisitions.
Acrisure’s current portfolio includes services in real estate, cybersecurity, payroll and payments, and retirement and wealth solutions. The transaction values the company at US$32 billion, representing a nearly 40% increase from its last institutional capital raise three years ago.
Recent leadership appointments include Mark Wassersug, former COO of Intercontinental Exchange, as chief technology officer, and Shawn Pelsinger, previously global head of corporate development at Palantir Technologies, as chief administrative officer. Greg Williams, Acrisure’s chairman, CEO, and co-founder, described the transaction as a key development in the firm’s platform strategy, expressing gratitude for the financial support and validation from investors.
This investment is part of Bain Capital’s ongoing activity in the insurance sector. In April, Bain agreed to sell UK-based insurer Esure to Belgian company Ageas for £1.3 billion. Earlier this year, Bain also invested US$825 million to acquire a 9.9% stake in Lincoln Financial Group, establishing a 10-year investment management agreement.
