Displaying items tagged: Acrisure LLC

The West Michigan commercial real estate market has been relatively stagnant during the pandemic-induced shift to remote working, but advisers see some room for optimism ahead of a vaccine rollout and with several recent office deals. 

Greg Williams was looking for a company that could move global insurance brokerage Acrisure LLC into the world of artificial intelligence.

GRAND RAPIDS — Acrisure LLC has formed a joint venture with NFL quarterback Russell Wilson of the Seattle Seahawks and Grammy-winning singer and songwriter Ciara to support increased access to insurance by minority-owned businesses in the U.S.

GRAND RAPIDS — Acrisure LLC expects to complete its new global headquarters in downtown Grand Rapids’ Studio Park in the first quarter of 2021.

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has been acquired by Alera Group, a Deerfield, Ill.-based independent insurance firm that has more than 90 locations across the U.S.

Since forming two years ago, High Street Insurance Partners Inc. grew steadily through acquisitions.

MiBiz growth report for August 2, 2020.

GRAND RAPIDS — Acrisure LLC has acquired the insurance practice of Tulco LLC, a provider of artificial intelligence and machine-learning technology based in Pittsburgh, Pa.

This is the MiBiz growth report for February 16, 2020.

GRAND RAPIDS — Insurance broker Acrisure LLC pledged $15 million to Spectrum Health to create a virtual innovation center for children’s health.

GRAND RAPIDS — Wheeler Development Group’s proposed mixed-use tower could help the city accomplish several goals for the downtown area. 

Contractors are capping off another busy year for developments across West Michigan. From the largest mixed-use project in downtown Grand Rapids history, to new modern buildings in historic areas, these are five notable projects from around the region on the radar for MiBiz this year. Here’s a closer look at them.

GRAND RAPIDS — As the state Legislature continues budget talks, West Michigan economic development executives remain concerned about a $26 million cut to the Michigan Economic Development Corp. budget.

GRAND RAPIDS — In the case of the $160 million Studio Park project, it took a city to build one of the largest developments in the recent history of downtown Grand Rapids.

Investors initially wanted to up their ante and take their stake in Caledonia-based Acrisure LLC to several times their existing holdings.

GRAND RAPIDS — What started as an idea for a movie theater in downtown Grand Rapids has evolved into the 62,500-square-foot Studio Park development that also includes restaurants, housing, offices and hotel space.

The purchase of Ottawa Kent Insurance Agency Inc. comes as a Traverse City-based agency platform backed by private equity investors pursues a Midwest acquisition strategy.

CALEDONIA — Acrisure LLC has launched a joint venture to sell insurance coverage directly to consumers through a digital platform backed by artificial intelligence.

Growth report for Sept. 28, 2019.

GRAND RAPIDS — Insurance giant Acrisure LLC’s plan to move 400 jobs from Caledonia to downtown Grand Rapids has garnered $7 million in state economic development incentives.

GRAND RAPIDS — Developers of apartments in Grand Rapids are still seeing high demand for market-rate units.

Here is the MiBiz Growth Report for Aug. 19, 2019:

Acrisure LLC, a Caledonia-based insurance brokerage, is moving its global headquarters to the new Studio Park development in downtown Grand Rapids, MiBiz has learned. 

Acrisure LLC capped off its most active year for M&A with the acquisition of Milwaukee, Wis.-based HNI Risk Services at the end of 2018.

CALEDONIA — In the more than five years since Greg Williams founded the company, Acrisure LLC has become the most prolific acquirer of independent insurance agencies in the U.S.

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

GRAND RAPIDS — As consolidation among independent insurance brokers accelerates across the country, Fifth Third Bancorp Inc. is pushing deeper into the industry through acquisitions.

Here is the MiBiz Growth Report for Sept. 5, 2017.

• M&A: U.K.-based Playtech acquired the technology, intellectual property and certain customer assets of ACM Group, whose CEO, Muhammad Al-Amin Rasoul, and management team are based in Grand Rapids. Playtech, a supplier of online gaming software, is listed on the London Stock Exchange and has 5,000 employees in 17 countries. Grand Rapids investment banking firm Charter Capital Partners served as financial adviser for ACM Group, a business-to-business market maker, dealer and broker in London. The deal is expected to close in early September. Terms include an initial upfront payment of $5 million, two staged payments based on the EBITDA of 2017 and 2018, and contingent consideration based on 2019 EBITDA. The total consideration for the transaction is capped at $150 million.

CALEDONIA — Acrisure LLC remained the largest buyer of insurance brokers across North America in the first half of 2017.

Here is the MiBiz Growth Report for June 26, 2017: