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Acrisure Acquires Pair of MGA Businesses, Related Entities

January 31, 2022

Acrisure, a fast-growing fintech leader operating a top-10 global insurance broker, recently completed another record-breaking year with over 130 deals closed in 2021. Among those deals were the acquisition of the managing general agency and third-party administrator operations of two national companies, broadening the depth of Acrisure’s data and AI strategies. Both deals closed in December 2021.

Acquisition of Florida-based SUNZ Insurance Solutions, which specializes in providing workers’ compensation to professional employer organizations and staffing companies, and Tennessee-based Appalachian Underwriters, which encompasses both an MGA and wholesale distribution model supported by domestic carriers and Lloyd’s of London, will accelerate Acrisure’s ability to underwrite, package and distribute related risk premium through its global network of partners.

Varnum assisted in all aspects of the deals. The Varnum team was led by Mike Wooldridge and Seth Ashby, supported by Matt Maltz, Tim Gordon, Jake Whately and Amy Yan.  Others on the team included Zach Meyer (antitrust), Staci DeRegnaucourt (intellectual property), John Sturgis (real estate), John Arendshorst (employee benefits), Luis Avila (employment), and Shawn Strand (tax).

Acrisure is one of the fastest-growing fintech companies in the world, completing nearly 700 acquisitions in the past several years. Varnum has served as legal counsel in almost all of these transactions. More about the deals can be found at SUNZ.

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