Patriot Growth Insurance Services Raises Additional Capital To Support Continued Growth
07/12/21, 1:08 PM
Location
fort washingtonIndustry
insurance
employee benefits
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 organic and acquisition-driven growth strategy. The additional capital represents another significant expansion of Patriot’s existing debt facility; this raise was co-led by existing lenders Antares and Morgan Stanley Private Credit. Barings LLC serves as Administrative Agent on the facility.
Company Info
Location
fort washington, maryland, united states
Additional Info
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.