Acrisure buys Spanish brokerage
Posted On: Mar. 2, 2022 10:53 AM CSTAcrisure LLC has bought Madrid-based Summa Insurance Brokerage, the acquisitive brokerage announced Wednesday.
Summa was founded in 2005 and has more than €11.5 million in annual revenue ($13.7 million), Grand Rapids, Michigan-based Acrisure said in a statement.
The deal marks Acrisure’s first acquisition in Spain. The company has existing operations in Italy, the Netherlands, Switzerland and the United Kingdom.
Acrisure, which is the world’s ninth-largest brokerage, according to Business Insurance’s most recent ranking, was the most acquisitive U.S. brokerage last year.