Parent of Risk Strategies and One80 Intermediaries complete $1 billion financing deal

Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports that it has completed a $1 billion debt raise and refinancing.

Accession Risk Management Group is a portfolio company of Kelso & Co., a private equity firm that has partnered with Risk Strategies since 2015.

The recent financing includes a $900 million term loan and a $100 million increase in its revolving credit facility.

Accession Risk Management Group made a record 32 new acquisitions last year and saw revenue grow 25% year over year to $1.5 billion on a pro forma basis.

This company said its performance meant strategic investments in technology and operational infrastructure, as well as efforts to create a “destination workplace” for talent.

“This funding will help further grow our North American market share and also accelerate our ability to explore complementary international opportunities,” said Sharon Edwards, CFO, Accession Risk Management Group.

Headquartered in Boston, Massachusetts, Accession Risk Management Group’s specialty insurance and risk management businesses, including core operating platforms Risk Strategies and One80 Intermediaries, currently place a total of over $15 billion in insurance premiums and 1.5 billion in combined revenue.

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