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…