Displaying items tagged: Acrisure LLC
Commercial real estate experts optimistic despite work from home uncertainty
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.
Amid high volume of deals, Acrisure breaks into artificial intelligence
Greg Williams was looking for a company that could move global insurance brokerage Acrisure LLC into the world of artificial intelligence.
Acrisure forms joint venture with Ciara, Russell Wilson to boost minority-owned businesses
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.
Acrisure’s $33M relocation to Studio Park ‘on track’ for early 2021
GRAND RAPIDS — Acrisure LLC expects to complete its new global headquarters in downtown Grand Rapids’ Studio Park in the first quarter of 2021.
Lighthouse Group acquired by Illinois independent insurance firm
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.
Pandemic slows insurance M&A activity, though deals still flowing
Since forming two years ago, High Street Insurance Partners Inc. grew steadily through acquisitions.
MiBiz Growth Report: August 2, 2020
MiBiz growth report for August 2, 2020.
Acrisure acquires Tulco’s AI-based insurance business
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.
MiBiz Growth Report: February 16, 2020
This is the MiBiz growth report for February 16, 2020.
Acrisure gives $15 million for children’s health innovation center at Spectrum Health
GRAND RAPIDS — Insurance broker Acrisure LLC pledged $15 million to Spectrum Health to create a virtual innovation center for children’s health.
Proposed Wheeler Development tower helps with downtown GR density goals
GRAND RAPIDS — Wheeler Development Group’s proposed mixed-use tower could help the city accomplish several goals for the downtown area.
5 notable construction projects from West Michigan
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.
Slashing MEDC budget could stall local projects, economic developers warn
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.
Studio Park juggles multiple contractors to meet aggressive construction timeline
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.
M&A Awards: Achieving investor alignment key to Acrisure’s $2 billion capital raise
Investors initially wanted to up their ante and take their stake in Caledonia-based Acrisure LLC to several times their existing holdings.
$160M Studio Park development celebrates opening
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.
High Street Insurance eyes ‘fantastic’ growth opportunities in consolidating industry
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.
New Acrisure joint venture leverages AI to serve nontraditional workers
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: Sept. 28,2019
Growth report for Sept. 28, 2019.
Acrisure awarded $7 million in incentives for downtown Grand Rapids HQ project
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.
Momentum continues for apartment development across Grand Rapids
GRAND RAPIDS — Developers of apartments in Grand Rapids are still seeing high demand for market-rate units.
MiBiz growth report: August 19, 2019
Here is the MiBiz Growth Report for Aug. 19, 2019:
Insurance giant Acrisure to move HQ to Studio Park in downtown Grand Rapids
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 acquires HNI Risk Services
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.
With $2B capital infusion, Acrisure expects to maintain active pace of dealmaking
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.
MiBiz Growth Report: Jan. 22, 2018
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.
Fifth Third seeks opportunities in consolidating insurance market
GRAND RAPIDS — As consolidation among independent insurance brokers accelerates across the country, Fifth Third Bancorp Inc. is pushing deeper into the industry through acquisitions.
MiBiz Growth Report: Sept. 5, 2017
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.
Acrisure continues to be most active acquirer nationally in insurance industry
CALEDONIA — Acrisure LLC remained the largest buyer of insurance brokers across North America in the first half of 2017.
MiBiz Growth Report: June 26, 2017
Here is the MiBiz Growth Report for June 26, 2017: