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Patriot Growth Insurance Services Raises Additional Capital to Support Continued Growth

Feb 23, 2021•over 4 years ago
Fort WashingtonInsuranceEmployee Benefits

Description

Patriot Growth Insurance Services, LLC (“Patriot” or the “Company”), one of the country’s largest and fastest-growing national insurance agencies, today announced that it has closed on a new round of financing in support of its aggressive acquisition and organic growth strategy. The additional capital raised represents a significant expansion of Patriot’s existing debt facility. The raise is co-led by existing lenders Barings Global Private Finance and Antares Capital LP, and also includes new participant Morgan Stanley Private Credit.

Company Information

Company

Patriot Growth Insurance Services

Location

Fort Washington, Maryland, United States

About

Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property and casualty agencies across the United States. Patriot is ranked the 26th largest broker in the U.S. by Business Insurance and has been named to the 2023 Inc. 5000 list of fastest-growing companies. With more than 1,700 employees operating in 132 locations across 26 states, Patriot's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. Patriot creates true alignment with its partner agencies. Its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot is backed by GI Partners and Summit Partners.

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