Thought Leadership
BroadStreet Partners℠ Adds $195 Million to Bank Facility
Jeff Racz | July 28, 2016
National Insurance Broker BroadStreet Partners℠ Adds $195 Million to Bank Facility
BroadStreet Partners℠, a top-20 national insurance brokerage, announced the addition of $195 million to its bank facility, which fuels the growth of its partner independent insurance agencies throughout the United States.
The bank facility grew to $445 million which funds agency acquisitions and perpetuation.
“Our independent agent partners are strong entrepreneurs growing their businesses through organic growth and acquisitions,” said Rick Miley, CEO and president of BroadStreet Partners℠. “Our bank facility gives them immediate access to capital to fund new acquisitions, and continue the growth of their independent insurance agencies.” Read more…
Recent Posts
Jeff Racz
|
Article date:
December 16, 2022
Article excerpt
Ken Kirk to transition into newly created role of Vice Chair to focus on growing network of Core Partners Columbus, Ohio – December 16, 2022 - - BroadStreet today announced that its Board of Directors has appointed Michael O’Connor…
What If You Had a Crystal Ball?
Erin West
|
Article date:
June 4, 2021
Article excerpt
What if someone offered you a crystal ball? Would you take a peek at the valuation you could get for your agency? Would you look six, or twelve months out given pending tax rate changes? Maybe; but wouldn’t there be…
BroadStreet Partners Names Ken Kirk Chief Executive Officer
Jeff Racz
|
Article date:
April 22, 2021
Article excerpt
BroadStreet Partners, Inc. announced that its Board of Directors has appointed Ken Kirk as Chief Executive Officer. Rick Miley, the founder and current CEO of BroadStreet will assume the role of Executive Chairman. Rick Miley said, “Ken has an extensive background…