Displaying items by tag: Acrisure LLC
Insurance broker Acrisure LLC of Caledonia has completed the $2.9 billion management-led buyout of private equity firm Genstar Capital.
Here is the MiBiz Growth Report for Oct. 31, 2016.
• M&A: Ferris Coffee & Nut Co. has acquired Kalamazoo-based Lush Gourmet Foods, a maker of flavored peanuts and almonds. Grand Rapids-based Ferris Coffee & Nut Co. will allow Lush Gourmet to operate under its original brand, according to a statement. Lush Gourmet founder Bisera Urdarevik will join Ferris Coffee & Nut Co. as the company’s creative director of product development. Lush Gourmet’s production will be transferred to Ferris Coffee & Nut Co.’s Grand Rapids headquarters in early 2017, according to the statement. Urdarevik created Lush Gourmet in 2011 while studying as a culinary student at Kendall College in Chicago. Terms of the deal were not disclosed.
After growing rapidly and closing dozens of transactions with the backing of private equity, executives and minority shareholders at insurance broker Acrisure LLC are acquiring a majority stake in the company.
The owner of Acrisure LLC, the Caledonia-based insurance brokerage that’s been growing rapidly across the U.S. with an aggressive M&A strategy, is working on a potential sale to New York City-based investment firm Blackstone Group LP, according to a report by Reuters.
Acrisure LLC bought the most insurance agencies in the U.S. and Canada last year, easily outpacing the number of deals by other acquirers in a consolidating industry.