Co-founder leads buyout of $670M insurance brokerage

Co-founder leads buyout of $670M insurance brokerage

Greg Williams. Photo via

A retail insurance brokerage in the area has been bought back by its management team.

Caledonia-based Acrisure announced today the signing of a definitive agreement for a management-led buyout of the company led by co-founder and CEO Greg Williams, with support from minority investors.

Acrisure management and their partners are purchasing the company from San Francisco-based Genstar Capital, which acquired Acrisure in 2013.

Williams, who co-founded Acrisure in 2005, said the Acrisure team looks forward to controlling its destiny in the future. Genstar will retain a portion of its investment in the company.

New York-based investment banking firm Evercore acted as a financial advisor to Acrisure in the sale.

Growth under Genstar

Under Genstar’s ownership tenure, Acrisure expanded its footprint via the acquisition of 138 retail brokerages, and annual revenues now exceed more than $670 million.

Williams praised Genstar “both because of the guidance and support they have provided and the capital that has allowed us to become a desired choice for agencies looking to become part of our national platform.”

Genstar President and Managing Director Ryan Clark said Williams is “an incredible leader and visionary and exceeded all our expectations.”


With more than 86 locations in 26 states and more than 2,700 employees, Acrisure is one of the larger retail insurance brokerages in the U.S.

Acrisure offers a range of risk management and consulting solutions: property and casualty, employee benefits, outsourcing, loss and claims management, surety bonding and personal lines coverage.


Founded in 1988, Genstar is a private equity firm that invests in middle-market companies.

Genstar has a portfolio focused on the health care, software, financial services and industrial technology industries.

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