Private equity owner mum on reported sale of fast-growing insurance brokerReprints
Genstar L.L.C., the San Francisco-based private equity owner of insurance brokerage Acrisure L.L.C., on Tuesday declined to comment on media reports that it would sell the brokerage.
Caledonia, Michigan-based Acrisure would be sold for as much as $2 billion, according to a Monday report by Reuters.
Acrisure is one of the fastest-growing brokers, jumping to become to become the 19th-largest broker of U.S. business by 2014 revenues from No. 42 in 2013, according to Business Insurance’s latest ranking.
The company generated 2014 brokerage revenue of $191.3 million, an increase of 147.1% over the previous year, according to the ranking.